[Special Stock] AD Chips Hits Lower Limit Early Amid Concerns Over Designation as Management Item

[Asia Economy Reporter Lee Myunghwan] AD Chips has been plummeting since the beginning of trading on the 11th amid concerns that it may be designated as a management item.

As of 9:50 a.m. on the same day, AD Chips was trading at 465 won, down 29.97% from the previous day, approaching the price limit (30%).

The Korea Exchange announced in a disclosure the day before that regarding AD Chips, "In the disclosure of 'designation as a management item or delisting due to internal settlement timing,' it was confirmed that operating losses occurred for four consecutive business years," and "If operating losses are confirmed for four consecutive business years, it may be designated as a management item according to Article 53 of the KOSDAQ Market Listing Regulations."

In a disclosure on the same day, AD Chips stated that it recorded an operating loss of 4,295.52 million won last year, maintaining a deficit. The net loss also continued at 7,466.50 million won. The company's sales amounted to 25,138.69 million won, up 24.5% compared to the same period last year.

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