Metanet Mplatform Decides to Postpone Listing on KOSDAQ Market
[Asia Economy Reporter Eunmo Koo] Metanet Mplatform has decided to postpone its listing on the KOSDAQ market.
Metanet Mplatform recently announced on the 5th through a public disclosure that it decided to postpone the listing, judging that the listing would have a negative impact on the company's valuation amid the investment sentiment contraction caused by the novel coronavirus infection.
Park Sangjin, CEO of Metanet Mplatform, said, "At this time when corporate values are generally undervalued in the market, we do not feel the need for a listing that is not blessed," and added, "We plan to proceed with the listing again when conditions are met to properly reflect the company's value."
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As of the end of last year, Metanet Mplatform holds 105 billion KRW in net cash and recorded consolidated sales of 360 billion KRW and operating profit of 22.5 billion KRW.
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