GOLD&S, a comprehensive language platform corporations, has drawn up a comprehensive improvement plan to maintain its listing.
GOLD&S said on the 25th it will move preemptively to meet listing requirements by pursuing a private placement capital increase in the second half, mergers and acquisitions (M&A), and a reverse stock split. The plan is in response to financial authorities strengthening delisting criteria starting in July this year for penny stocks under 1,000 won and stocks that fall short of market capitalization thresholds.
Through this improvement plan, the company prepared specific responses for each listing maintenance requirement presented by the financial authorities. To resolve the penny stock criterion, it will pursue a reverse stock split this year, and to meet the market capitalization requirement, it plans to seek external growth through a private placement capital increase in the second half and M&A with promising corporations.
Regarding the full capital impairment criterion, based on last year's earnings fluctuation disclosure, the capital impairment ratio was at 3.4%, and a state of full capital impairment is currently not applicable. It also did not receive any disclosure penalty points over the past year.
A GOLD&S official said, "This improvement plan is not a simple response to institutional requirements but a practical action plan to fulfill our promises to shareholders," adding, "We will make maintaining our listing and enhancing corporate value the top management priority and mobilize all available means."
The official added, "We will do our utmost to restore investor confidence by continuously informing the market of key issues such as active communication with shareholders and pursuing M&A."