EID, the listed company of the Group (formerly known as the Ehwa Group), is experiencing a decline of over 90% on the first day of its handling trading ahead of delisting.
According to the Korea Exchange on the 2nd, as of 9:24 a.m., EID is trading at 73 won, down 1,319 won (94.79%) from the previous trading day.
Earlier, the Korea Exchange announced that it would resume delisting procedures for three companies in the Group, including Ehwa Technologies Information, ETRON, and EID, after a court dismissed a request to suspend the delisting decision. Accordingly, handling trading will be conducted from the 1st to the 9th for Ehwa Technologies Information and ETRON, and from today until the 10th for EID.
Handling trading is a procedure that grants the last opportunity to trade delisted items for 7 to 10 business days according to the listing rules of the Korea Exchange's KOSDAQ market. During handling trading, individual competitive transactions at a single price are conducted every 30 minutes. Additionally, unlike general trading, there is no limit on daily price fluctuations (upper and lower limits), resulting in high volatility. The final delisting dates are the 10th for Ehwa Technologies Information and ETRON, and the 11th for EID.