Bonne has seen a strong stock performance in the early session on the 15th, following the decision to maintain its listing and being removed from the management designated stocks.
As of 9:21 a.m. on that day, Bonne was trading at 1,329 won, up 91 won (7.35%) from the previous trading day.
After the market closed the previous day, the Korea Exchange's KOSDAQ Market Division announced the decision to maintain Bonne's listing after deliberation and resolution by the Corporate Review Committee. As a result, trading in Bonne resumed from that day.
In January of this year, the Securities and Futures Commission under the Financial Services Commission imposed a penalty surcharge of 215 million won on Bonne for overstating inventories and obstructing external audits. In addition, Bonne, its CEO, and relevant executives were reported to the prosecution, with recommendations for their dismissal, a six-month suspension from duty, and designation of auditors for three years.
Subsequently, Bonne restructured its board of directors to enhance management transparency. On the 26th of last month, Bonne announced a personnel and organizational reform plan at its regular shareholder meeting. It appointed Kang Eun-sil as the new CEO and placed Nam Byeong-soo, the new Chief Financial Officer (CFO), in the vice president role. It also recruited legal, tax, and accounting experts for the roles of outside directors and auditors.