[Featured Stock] SillaJen Surges Over 22% on Trading Resumption
[Asia Economy Reporter Kwon Jae-hee] Shinilajen, which resumed trading, is showing a surge of over 22% in the early session on the 13th.
As of 9:28 AM on the 13th, Shinilajen is trading at 10,250 KRW, up 22.32% compared to the previous trading day.
In the early session, it rose as much as 29.47% to 10,850 KRW before giving up some of the gains.
The day before, the Korea Exchange KOSDAQ Market Committee decided to maintain Shinilajen's listing.
Previously, Shinilajen's stock trading was suspended in May 2020 due to a cause for a substantial review of listing eligibility arising from embezzlement and breach of trust by former executives including former CEO Moon Eun-sang.
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The Exchange's Corporate Evaluation Committee granted Shinilajen 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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