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Article: SHARP RISE OF HYUNDAI ELEVATOR SHARE PRICES RAISES CONCERN.
- Article from:
- AsiaPulse News
- Article date:
- December 5, 2003
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SEOUL, Dec 5 Asia Pulse - Hyundai Elevator, which plans to issue new shares for public subscription from Dec. 15-16, is on alert as its stock price hit the daily upper limit for the second straight day at the bourse Friday morning.
The shares rose to 47,000 won each in the morning session.
If the abnormal increase continues, it could boost the issuance price to 50,000 won, far higher than earlier anticipated and raising concerns of a negative influence on the firm's rights offering plan.
Earlier, Hyundai Securities Co., which is managing the issuance, said the price was expected to be around 31,000 won.
Another problem is that minor ...