Exchange "Dongwon Industries, Trading Suspended Until Pre-Market on 11th Regarding Backdoor Listing Review"
[Asia Economy Reporter Minji Lee] The Korea Exchange announced on the 7th that trading will be suspended until before the market opens on the 11th to proceed with the backdoor listing review following Dongwon Enterprise's absorption merger with Dongwon Industries. On the same day, Dongwon Industries disclosed the merger announcement through a major event report and stated that it had submitted the backdoor listing preliminary review application to the exchange.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
The company explained the purpose of the merger as "to realize enhanced competitiveness and improved management efficiency through maximizing synergy effects and to establish a foundation for sustainable growth," adding that it planned to submit the backdoor listing preliminary review application on that day.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
