[Hot Stock] Clio Rises on Acquisition of Japanese Cosmetics Company
Clio is showing strong performance. The news of acquiring a Japanese cosmetics company seems to have had an impact.
As of 1:34 PM on the 19th, Clio was trading at 31,900 KRW, up 1,450 KRW (4.76%) compared to the previous trading day.
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On the same day, Clio announced that it would acquire Duwon, a cosmetics sales company based in Japan. It will acquire 100% of the shares for 7 billion KRW. Additionally, it plans to purchase 100% of the shares of Kawami, a cosmetics import agency, for 1.3 billion KRW.
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