S.Korea's Celltrion, affiliates jump as chairman hints at merger

Celltrion Pharm

16/01/2020 03:17

** South Korean drugmaker Celltrion  068270.KS  and
affiliates jump after group chief hints at potential merger
    ** Celltrion Group Chairman Seo Jung-jin said "Celltrion and
its affiliates might be merged, if that's what shareholders
want" at a conference in the United States, according to company
spokesman 
    ** Shares of Celltrion rise nearly 5% before trimming gains
to trade 1% higher, while Celltrion Pharm  068760.KQ  and
Celltrion HealthCare  091990.KQ  jump as much as 10.1% and 4%,
respectively
    ** The benchmark KOSPI index  .KS11  up 0.2%, while the
junior KOSDAQ market  .KQ11  0.4% higher

 ((Hayoung.Choi@thomsonreuters.com; +82 2 6936 1468))