Korea Exchange Decides to Maintain ShillaJen Listing... Trading to Resume Tomorrow
[Asia Economy Reporter Seongpil Cho] The Korea Exchange announced on the 12th that the KOSDAQ Market Committee decided to maintain the listing of SillaJen. Accordingly, trading of SillaJen shares will resume from the 13th. This comes about 2 years and 5 months after trading was suspended in May 2020.
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Previously, SillaJen's stock trading was suspended in May 2020 due to a cause for a substantive review of listing eligibility following embezzlement and breach of trust by former CEO Moon Eun-sang and other former executives. The Exchange's Corporate Evaluation Committee granted SillaJen a one-year improvement period in November 2020 and decided on delisting in January this year. In February, the KOSDAQ Market Committee again granted a six-month improvement period.
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