SEOUL, Aug 30 (Reuters) - Shares of Korea Industry Development Co soared after the bankrupt construction company said on Friday it was trying to find a buyer.
The company issued a statement after being asked by the Korea Stock Exchange's request to clarify rumours that the country's largest automaker Hyundai Motor Co is in talks to acquire Korea Industry.
"We're pursuing M&A but nothing concrete has been decided," said Korea Industry, which went bankrupt last year undersnowballing debt.
The stock hit its daily 15 percent limit at 3,765 won, while Hyundai Motor gained 900 won at 34,000.