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Gwangmu Surges 23% on Samsung Electronics Share Sale Announcement

2026-07-08 02:53:27

Gwangmu, a KOSDAQ-listed company, announced on July 8 its decision to sell approximately 114.3 billion Korean won worth of Samsung Electronics shares, with proceeds valued at 110 billion won. This sale amount exceeds the company's market capitalization of 85.7 billion won based on the previous close of 1,435 won per share. As of 10:53 a.m. KST, Gwangmu shares were trading at 1,767 won, up 23.14% from the prior close.

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