Kooksoondang Reports Operating Loss for 5 Consecutive Fiscal Years... Trading Suspended
[Asia Economy Reporter Oh Ju-yeon] The Korea Exchange KOSDAQ Market Division announced that Kooksoondang has incurred operating losses for five consecutive business years. If this fact is confirmed in the 2019 audit report, there are concerns about delisting according to the listing eligibility review under Article 38, Paragraph 2, Subparagraph 5 of the KOSDAQ Market Listing Regulations. Therefore, trading will be suspended from 4:32 PM on the 10th.
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The KOSDAQ Market Division explained, "If this matter is confirmed in the company's future 'audit report submission' disclosure, a review will be conducted to determine whether it falls under the listing eligibility review. During this period, trading of the company's shares will be suspended."
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