Exchange: "Alrase, Delisting if No Objection Within 15 Business Days"
[Asia Economy Reporter Lee Seon-ae] The Korea Exchange KOSDAQ Market Division announced on the 17th that investors can file an objection within 15 business days (by September 17, 2021) regarding the delisting reason for Araes, and if no objection is filed, the delisting process will proceed.
The company disclosed that following the 'semi-annual review (audit) opinion of adverse, disclaimer, or scope limitation' on August 14, 2020, the recently submitted disclosure titled 'Confirmation of facts such as semi-annual review (audit) opinion adverse (including capital erosion rate of 50% or more or net capital less than 1 billion KRW)' revealed that the auditor's opinion on the recent semi-annual financial statements was a disclaimer of opinion.
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Accordingly, the trading suspension period has been changed to last until the decision on delisting related to each delisting reason occurs.
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