[Featured Stock] EdisonEV Drops Over 10% Amid Concerns of Being Designated as a Management Item
[Asia Economy Reporter Lee Myunghwan] EdisonEV's stock has plunged more than 10% from the start of trading on the 23rd amid concerns of being designated as a management item.
As of 9:57 a.m. on the same day, EdisonEV was trading at 20,700 won, down 11.91% (2,800 won) from the previous trading day.
This is interpreted as due to the possibility of being designated as a management item. EdisonEV announced on the 22nd that "due to operating losses for four consecutive business years, it may be designated as a management item."
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The submission of the audit report is also delayed. On the same day, EdisonEV announced that "the audit procedures by the external auditor have not been completed, causing delays in the submission and disclosure of the audit report." It added, "We plan to disclose it as soon as we receive the audit report from the external auditor."
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