Daegu Department Store Shares Plunge Over 20% as Change in Largest Shareholder Fails

Daegu Department Store Shares Plunge Over 20% as Change in Largest Shareholder Failsn.news.naver.comDaegu Department Store is plummeting by more than 20% following the failure to change its largest shareholder. As of 9:10 AM on the 26th, Daegu Department Store is trading at 3,370 won, down 1,040 won (23.58%) from the previous day. According to an electronic disclosure from the Financial Supervisory Service, Daegu Department Store
Daegu Department Store disclosed after yesterday's market close that the stock purchase agreement entered into by the largest shareholder, Chairman Koo Jung-mo, and six others, has been terminated due to the counterparty's failure to pay the second installment.