Heung-A Shipping Hits Upper Limit on First Day of Trading Resumption
[Asia Economy Reporter Park Jihwan] On the 15th, Heung-a Shipping immediately soared to the upper limit on the first day of trading resumption after 1 year and 6 months.
As of 10:36 AM that day, Heung-a Shipping was at 2,020 KRW, up 465 KRW (29.90%) from the opening price. The opening price was set at 1,555 KRW, which is 50.24% higher than the appraisal price (1,035 KRW).
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The Korea Exchange announced that the Listing Committee decided to maintain the listing of Heung-a Shipping in the eligibility review held the previous day. Heung-a Shipping had received a 'disclaimer of opinion' in the audit opinion for the 2019 fiscal year, which triggered delisting reasons. As a result, trading was suspended from March 30 of last year, and this trading resumption marks about 1 year and 6 months since then.
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