Rehabilitation Court Decides to Abolish ITX-AI Rehabilitation Proceedings
[Asia Economy Reporter Kim Hyung-min] ITX-AI announced on the 3rd that the Seoul Bankruptcy Court Division 13 decided to terminate the rehabilitation procedure, judging that the execution of the rehabilitation plan was impossible. The company stated, "We immediately filed an appeal." Accordingly, the Korea Exchange KOSDAQ Market Division announced on the same day that additional reasons for a substantive review of listing eligibility have been added for ITX-AI.
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