Paradise Eligible for KOSPI Transfer Listing... "Will Enhance Shareholder Value"
Notification of Meeting New Listing Review Requirements
First KOSDAQ Listing in Over 20 Years Since 2002
Paradise announced on the 14th that it has been notified of meeting all the requirements for the new listing review after submitting the preliminary review application for stock listing to the Korea Exchange KOSPI Market Division last April.
Earlier, Paradise held its regular shareholders' meeting on March 22 and approved the resolution regarding the conditional delisting from the KOSDAQ market and the approval for transfer listing to the securities market. Subsequently, on April 8, it submitted the preliminary review application for stock listing to the securities market division, and after the review, received approval for listing eligibility on this day. The schedule for listing on the securities market will be determined based on board resolutions and consultations with related institutions.
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Founded in 1972, Paradise operates businesses including integrated resorts, casinos, hotels, and spas, and was listed on the KOSDAQ market in 2002. A Paradise official stated, "After submitting the preliminary review application, meaningful results were achieved through communication with the exchange and various market stakeholders," adding, "We will take this as an important opportunity to form peer groups and build sectors to induce a revaluation of corporate value, expand the base of institutional and foreign investors, and maximize shareholder value enhancement."
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