Korea Financial Investment Association Approves 'KoIT' for New K-OTC Market Registration... Trading Starts from the 12th

[Asia Economy Reporter Minji Lee] The Korea Financial Investment Association announced on the 7th that it has approved the new registration of Coit on the K-OTC market, with trading set to begin on October 12.

Coit, established in 2006, is the official domestic agent of Intel and the exclusive distributor in Korea for global IT companies such as Taiwan's ASUS and the U.S. company Supermicro. It distributes a variety of IT devices and equipment including CPUs, servers, motherboards, and storage devices, as well as finished IT products like Samsung Electronics' laptops, desktops, and mobile phones within Korea.

A Coit representative stated, "As a company that plays a stable role in the domestic supply chain of global IT products, we contribute to the improvement and development of the domestic IT environment. We plan to continuously discover and supply products equipped with cutting-edge technology in the future, and we expect that entering the K-OTC market will help uncover the true value of our company."

Based on the most recent fiscal year-end, Coit recorded total assets of 48.3 billion KRW, total liabilities of 26.1 billion KRW, total equity of 22.2 billion KRW, and sales revenue of 315.5 billion KRW.

Meanwhile, with Coit's new registration approval, 13 companies entered the K-OTC market in 2021, bringing the total number of companies to 142.

Coit will be tradable through securities firms' HTS starting on the 12th, and on the first trading day, transactions can occur within a range of 30% to 500% of the net asset value per share. Thereafter, the price fluctuation limit will be ±30% of the previous day's weighted average price.

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