[Special Stock] Skin&Skin Plummets on First Day of Trading Resumption
[Asia Economy Reporter Hwang Yoon-joo] Skin&Skin, which underwent a substantial review of listing eligibility due to operating losses for four consecutive fiscal years, is plummeting on the first day of resumed trading.
As of 10:05 AM on the 5th, Skin&Skin is trading at 407 won, down 9.78% compared to the previous trading day.
Skin&Skin was suspended from trading after being designated for a substantial review of listing eligibility last month due to the reason for delisting caused by operating losses for four consecutive fiscal years.
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However, it announced that its consolidated operating profit for last year turned to a surplus of 958 million won compared to the previous year. Although the Korea Exchange KOSDAQ Market Committee decided to resume trading on April 5, it is interpreted that a sell-off occurred due to accumulated negative factors such as the dismissal of bankruptcy application and embezzlement and breach of trust.
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