The stock prices of Ehwa Technologies Information, EID, and ETRON, which are listed companies under the group facing delisting, have fluctuated wildly. As there are no price limits during the transaction period, speculative transactions appear to be continuing.
Shares of Ehwa Technologies Information closed at 260 won on the KOSDAQ market on the 3rd. The stock price surged by 182.61% (168 won) compared to the previous day. When it entered the transaction period on the 1st, the stock price plummeted by 89.54% (805 won) from 899 won to 94 won, but on that day, it skyrocketed again.
EID also saw its stock price plunge from 1,392 won to 50 won, a drop of 96.41% (1,342 won), right after the start of the transaction period the previous day. However, on that day, it increased by 110% (55 won) to 105 won. ETRON closed at 16 won, up 45.45% (5 won) from the previous day.
Usually, it becomes difficult to cash out stocks after delisting, so stock prices tend to be weak during the transaction period. However, as there are no price limits during the transaction period, and trading only occurs 13 times a day at set prices every 30 minutes, there are quite a few investors engaging in "day trades" aiming for sharp price increases.
Ehwa Technologies Information, ETRON, and EID saw their trading suspended in May 2023 due to a case of embezzlement and breach of trust within the company management, leading them to undergo the delisting process. Although they were granted an improvement period following the company's objection, a delisting decision was again made in February. A request to suspend the effectiveness of the delisting filed with the court was also dismissed.
Ehwa Technologies Information and ETRON will continue the transaction period until the 9th. EID will last until the 10th. The stocks will be delisted the day after the transaction period ends.