On the 9th, Kolon Mobility Group shares are plunging 19% ahead of delisting.
As of 9:45 a.m. on this day, Kolon Mobility Group was trading on the Korea Exchange at 12,510 won, down 2,970 won (19.19%) from the previous session. Intraday, it also traded at 11,590 won, down 3,890 won (25.1%) from the previous session.
Kolon Mobility Group is set to be delisted on Jan. 7, 2026. The parent company, Kolon, has begun the process of acquiring all Kolon Mobility Group shares to make it a 100% subsidiary.
According to the share swap schedule, Kolon Mobility Group common and preferred shares will have trading suspended on Dec. 15 and will be exchanged for Kolon shares on Dec. 17.
Earlier, from Aug. 8 to Sept. 8, Kolon bought Kolon Mobility Group shares through a tender offer. The tender offer price at the time was 4,000 won per common share. Through this process, Kolon secured 90.37% equity in Kolon Mobility Group, and it plans to acquire the remaining shares via a share exchange on Dec. 17.
Meanwhile, there was also a short-term surge ahead of the delisting process. On Sept. 26, due to short-term flows chasing the delisting theme, the stock showed an unusual phenomenon of trading at 22,500 won, more than five times the tender offer price of 4,000 won.