GenNBio, WINIA stocks plunge over 90% on first day of trading suspension

GenNBio and WINIA, which began organized transactions ahead of delisting, fell sharply in early trading on the 9th.

As of 9:35 a.m. on that day, GenNBio was trading at 36 won, down 353 won (90.75%) from the previous trading day. WINIA recorded 67 won, down 546 won (89.07%).

GenNBio initiated rehabilitation procedures on March 26 and attempted to maintain its listing through mergers and acquisitions (M&A), but has yet to secure a buyer. WINIA also entered court management in 2023 due to management difficulties and entered rehabilitation procedures in April.

Both corporations are scheduled to undergo organized transactions from today until the 17th, with delisting set for the 18th.