 |
(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] Taeyoung Construction's stock trading, which had been suspended for over seven months due to capital impairment, will resume tomorrow.
The Korea Exchange announced today (30th) that the Corporate Review Committee for the KOSDAQ has decided to maintain Taeyoung Construction's listing.
As a result, the suspension of trading in Taeyoung Construction shares will be lifted starting tomorrow (31st).
Previously, Taeyoung Construction's stock trading was halted on March 13, during a workout (financial restructuring) process, after it fell into a capital impairment situation.
According to the disclosure regulations of the KOSDAQ, stocks of companies that become capital impaired are immediately suspended from trading, and whether they will be delisted is confirmed based on the final audit opinion of external auditors on the financial statements.
If a company receives a notification of delisting, it can file an objection with the exchange, and if accepted, it is granted a maximum of one year to improve. The exchange will then review the implementation of the improvement plan to decide whether to maintain or revoke the listing.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
