[Special Stock] Trading Resumption of 'Shinrajen' Hits Limit Up Again
[Asia Economy Reporter Hwang Junho] As soon as the stock market opened on the 14th, Sillajen recorded a limit-up.
As of 9:12 a.m. that day, Sillajen was trading at 14,100 won, up 29.95% from the previous close. Following a 29.47% increase the previous day, it entered the limit-up again on this day.
The buying frenzy seems to have surged as the trading suspension was lifted. The Korea Exchange held a KOSDAQ Market Committee meeting on the 12th and decided to maintain Sillajen's listing after reviewing the improvement plan implementation report submitted by Sillajen and expert verification of the implementation results.
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Sillajen's stock trading was suspended in May 2020 due to embezzlement and breach of trust charges against former CEO Moon Eunsang, the largest shareholder, and other executives. Subsequently, during the delisting review conducted by the exchange, Sillajen came close to facing delisting.
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