Chunil Express jumps 25% on Seoul express bus terminal redevelopment talks

Chunil Express shares are surging early on the 28th. The redevelopment of the express bus terminal is seen as a positive catalyst, drawing in buyers.

As of 10:31 a.m. on the 28th, Chunil Express is trading at 228,500 won, up 46,300 won (25.4%) from the previous session.

Chunil Express has hit the upper price limit (the top of the daily price band) for six straight sessions since on the 19th.

Earlier, on the 26th, the Seoul city government said it began full-fledged preliminary talks with Shinsegae Central Co. and Seoul Express Bus Terminal Co. on a mixed-use development of the Seoul Express Bus Terminal site in Seocho District. Chunil Express holds equity in Seoul Express Bus Terminal.