Korea Exchange Suspends Trading Amid Delisting Concerns for SkyMoonTechnology
[Asia Economy Reporter Koo Eun-mo] The Korea Exchange KOSDAQ Market Division announced on the 28th that it will suspend trading of SkyMoonTechnology from 8:47 AM due to concerns over delisting following a substantial review of listing eligibility.
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SkyMoonTechnology was designated as a management item on March 18 of last year due to operating losses for four consecutive fiscal years. On this day, it disclosed that it incurred operating losses for five consecutive fiscal years through an announcement of management item designation or delisting reasons at the internal settlement date. If it is confirmed through SkyMoonTechnology's audit report that operating losses occurred for five consecutive fiscal years, the Exchange plans to conduct a review to determine whether it falls under the substantial review of listing eligibility.
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