[Hot Stock] Kolmar Holdings Soars on Acquisition of US Activist Stake
Colma Holdings' stock price is on the rise. It appears that buying momentum surged following the news of the U.S. activist fund Dalton Investment acquiring shares.
![[Hot Stock] Kolmar Holdings Soars on Acquisition of US Activist Stake](http://www.asiae.co.kr/news/img_view.htm?img=2023112214453962574_1700631939.jpg)
At 9:43 AM on the 7th, Colma Holdings was trading at 8,290 KRW, up 15.30% from the previous day.
This is believed to be due to the disclosure made the previous day that Dalton Investment held a 5.02% stake in Colma Holdings as of the 30th of last month.
Although Dalton Investment stated that the purpose of holding the shares is 'simple investment,' the market expects that Dalton Investment may demand an active shareholder return policy from Colma Holdings.
Hot Picks Today
"Investors Should Stop Even Now"... Asset Manager CEO Warns Against 'Samjeonnix' Leveraged ETF Investments
- "Was the Drop Too Severe?"... KOSPI Rebounds Over 2% on Bargain Hunting
- "Who Are Those Royal Beauties Holding the World Cup Trophy?"...Crown Princess Sisters Steal the Spotlight Among Players
- "Information of Current and Former Diplomats Leaked"...Unprecedented Hacking at Korea National Diplomatic Academy
- Chinese Group Tourists Abandoned from Noon to Evening After Refusing Shopping... Korea Embarrassed by ‘Low-Quality Tours Focused Only on Headcount’
Dalton Investment has previously engaged in shareholder activism with Hyundai Home Shopping and Samyoung Trading.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
