Aftermath on Stock Prices of Listed Companies Investing in Funds with Redemption Suspension

[Asia Economy Reporter Koh Hyung-kwang] The stock prices of listed companies that invested in funds involved in redemption suspension incidents, such as Optimus, are facing aftershocks as their names were disclosed belatedly.

According to the Korea Exchange on the 20th, Cohelixmice closed at 21,550 won on the KOSDAQ market, down 29.9%, the daily price limit, from the previous day. This sharp decline occurred after news spread that Helixmice could be designated as a management item.

Helixmice announced after the market closed on the 16th that it had invested 264.3 billion won over five years since 2016 in high-risk assets such as private equity funds, private bonds, and derivative-linked securities (DLS). This amount is nearly 60 times its sales last year (4.5 billion won). In particular, Helixmice invested 39 billion won in private equity funds related to 'Popfunding' managed by Optimum Asset Management and Korea Asset Investment Securities, but only recovered 6.4 billion won. It also invested 2.5 billion won in the German Heritage DLS, which caused the redemption suspension incident, and has not recovered any funds, resulting in significant losses.

Helixmice plans a paid-in capital increase of 286 billion won targeting shareholders by the end of this year, but the situation has become difficult due to this incident. Helixmice stated, "If the schedule for the paid-in capital increase is delayed or postponed, making payment within the year difficult, it may be designated as a management item." Following the limit-down yesterday, it fell 12.9% as of 9:50 a.m. today.

Earlier, KOSDAQ-listed HL Biopharma announced that it lost the entire 30 billion won invested in June, and its affiliate HL Biopharma Life Science lost 10 billion won invested in April, causing significant fluctuations in their stock prices at the time.

A total of 59 listed companies invested in the Optimus fund, including 12 on the KOSPI and 47 on the KOSDAQ. It is estimated that many of these companies lost their investments due to redemption suspension. A financial investment industry official said, "For companies whose Optimus fund investments are relatively large compared to their profit scale, not only their performance but also their stock prices are expected to be significantly affected," adding, "In extreme cases, there is also a possibility of cases like Helixmice, which invested in high-risk assets such as private equity funds and suffered large-scale valuation losses."

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