Ssangyong Motor Adds Reason for Delisting Due to Full Capital Erosion
[Asia Economy Reporter Gong Byung-sun] Ssangyong Motor announced on the 25th that as of the end of last year, its capital was fully eroded, adding another reason for delisting.
If Ssangyong Motor fails to submit evidence proving the resolution of the full capital erosion by the deadline for submitting the 2021 business year report, it may be subject to delisting criteria.
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Ssangyong Motor is currently subject to delisting criteria due to a disclaimer of opinion in the auditor's report on the 2020 business year financial statements. However, an improvement period has been granted until April 14, and Ssangyong Motor is currently under a trading suspension.
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