Shares of Kolon Mobility Group, which is facing delisting, were plunging 14% on the morning of the 10th.
As of 9:49 a.m. that day, Kolon Mobility Group shares were trading at 9,320 won on the Korea Exchange's main board, down 14.02% (1,520 won) from the previous session.
Earlier, Kolon Mobility Group shares also plunged 29.97% the previous day.
Kolon Mobility Group is set to be delisted on Jan. 7, 2026. Parent company Kolon will acquire all Kolon Mobility Group shares and incorporate it as a 100% subsidiary.
Trading will be halted on the 15th, and a stock exchange will take place on the 17th. The stock exchange ratio is 0.0611643 Kolon share per 1 Kolon Mobility Group share.
Kolon Mobility Group shares also experienced a short-term surge ahead of the delisting process. It was driven by short-term inflows chasing the delisting theme. On Sept. 26, the share price showed an abnormal pattern, trading at 22,500 won, more than five times the tender offer price of 4,000 won.
In September, as Kolon secured an equity stake in Kolon Mobility Group through a tender offer, the free float shrank significantly. As a result, the price spiked even on low trading volume.