Trading in shares of KGA, an electrode-process equipment corporations, was suspended and then resumed on the 14th.

At the KGA KOSDAQ market listing ceremony at the Korea Exchange (KRX) in Yeongdeungpo-gu, Seoul, on June 17, Vice Chairman Kim Dae-young of the Korea IR Association (from left), KOSDAQ Market Division Deputy Head Lee Mi-hyeon of the Korea Exchange (KRX), CEO Kim Ok-tae of KGA, Executive Vice President Lee Chung-hoon of Samsung Securities, and Vice Chairman Kang Wang-rak of the KOSDAQ Association pose for a commemorative photo. /Courtesy of Korea Exchange (KRX)

On the 14th, the KOSDAQ Market Headquarters of the Korea Exchange (KRX) said it would suspend trading in shares of KGA in the afternoon due to the occurrence of a reason for a substantive review of listing eligibility.

The exchange explained that a reason for a substantive review of listing eligibility had arisen because KGA's most recent quarterly (third quarter) sales came in under 300 million won.

However, around 8 p.m. the same day, the exchange lifted the suspension of trading in shares. It was because KGA's third-quarter sales were confirmed to be at least 300 million won.

The exchange said, "KGA submitted to the exchange an amended quarterly report correcting the notice regarding the occurrence of a reason for a substantive review of listing eligibility, along with a confirmation letter from an external auditor, confirming that the most recent quarterly sales were at least 300 million won."

Earlier, on Jun. 17, KGA listed on the KOSDAQ market through a merger with Samsung SPAC 9. The lead manager was Samsung Securities.

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