Meetuzen, Listing Preliminary Review Validity Extended by 6 Months... "Pursuing KOSDAQ Listing in the Second Half"

[Asia Economy Reporter Jang Hyowon] Me2Gen, a subsidiary of Me2On, a KOSDAQ-listed company, announced on the 22nd that it received a notification from the Korea Exchange extending the validity period of its preliminary listing examination approval from the 23rd of this month to October 23rd, a 6-month extension.

Sung Jongwon, CFO of Me2Gen, stated, “As the novel coronavirus infection (COVID-19) spreads globally, increasing uncertainty in the world economy and stock markets, and with investment sentiment shrinking, we judged it difficult to have the company’s value properly evaluated, so we applied for an extension of the validity period of the preliminary listing examination approval. With the Korea Exchange’s permission, we will prepare conditions to properly reflect the company’s value and aim to challenge the KOSDAQ listing in the second half of the year.”

Me2Gen has built a diversified game portfolio of more than 42 titles across three genres including mobile casual games ‘Trypicks Journey’, ‘Solitaire’, and social casino games, and has secured a broad global user base centered in the North American region. Last year, it recorded sales of 96.9 billion KRW and operating profit of 43.4 billion KRW, which represent increases of more than 15% and 26% respectively compared to the previous year, continuing a solid growth trend.

This content was produced with the assistance of AI translation services.