ECOPRO BM is experiencing a sharp drop in stock price after withdrawing its application for a transfer listing on the KOSPI market.
ECOPRO BM shares traded at 120,100 won on the KOSDAQ market at 11:15 a.m. on the 28th. The stock price dropped 10.37% (13,900 won) from the previous day.
ECOPRO BM announced that it would withdraw its application for a transfer listing on the KOSPI market at 11 a.m. today. It had submitted a preliminary examination application for a transfer listing last November, and it has been three months since then.
ECOPRO BM stated, "Considering various circumstances, we decided to withdraw our application for the transfer listing. We plan to reapply for the preliminary examination for the transfer listing to the KOSPI market after confirming improvements in our business performance."