LTC, which had faced controversy over a duplicate listing, withdrew its subsidiary's listing plan, sending the share price sharply higher in after-hours trading following the close of the regular session on the 19th.
LTC shares traded at 21,400 won in after-hours transactions at 5:20 p.m. that day. They rose 9.86% (1,920 won) from the regular-session closing price of 19,480 won, hitting the upper limit (the top of the price limit band). The after-hours trading limit is 10% from the closing price.
LTC withdrew LSE's preliminary listing review application that day. It is seen as LTC scrapping the listing plan in consideration of concerns raised by minority shareholders about a potential share price drop from a duplicate listing.
Earlier, LTC held a shareholder meeting and offered shareholder-protection measures to distribute in kind 20% of LSE's offering shares to LTC's general shareholders and to cancel 60% of its treasury shares, but the backlash did not subside.
LSE traces its roots to the semiconductor cleaning division of Mujin Electronics. LTC acquired it in 2022 to expand its business scope into semiconductors.