Setopia shares, a KOSDAQ-listed company that entered liquidation trading, were weak in early trading on the 5th.
As of 9:46 a.m., Setopia was trading at 160 won, down 5,240 won (97.04%) from the previous session.
Liquidation trading will run from today through the 13th, and the stock will be delisted on the next trading day, the 16th.
Founded in 1995, Setopia had its audit opinion rejected due to uncertainty over its ability to continue as a going concern. Subsequently, on Jun. 12 last year, the Korea Exchange (KRX) KOSDAQ Corporate Review Committee decided to delist the company.
The company immediately filed for an injunction to suspend the effect of the delisting decision, but the court rejected the request on the 27th of last month, restarting the delisting process.