Exchange Announces Preliminary Designation of Engis Technology as an Unfaithful Disclosure Corporation
[Asia Economy Reporter Minji Lee] The Korea Exchange KOSDAQ Market Division announced on the 30th a preliminary notice of designation as an unfaithful disclosure corporation for NGIS Technology due to delayed disclosure of the decision to acquire equity-related bonds (major management matters of a subsidiary). The deadline for deciding whether to designate it as an unfaithful disclosure corporation is July 23, 2020.
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Regarding this disclosure, if designated as an unfaithful disclosure corporation and the penalty points imposed are 5 or more, trading may be suspended for one day. NGIS Technology's penalty points for unfaithful disclosure corporations in the past year are 0 points.
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