KD, which has entered corporate rehabilitation proceedings, is plunging on Mar. 19, the first day of transaction resumption.
As of 9:34 a.m. on this day, KD was trading at 251 won on the KOSDAQ market, down 57 won (18.77%) from the previous trading day.
KD earlier filed for commencement of rehabilitation proceedings with the Suwon Bankruptcy Court on the 5th, and the court accepted it on the 18th, the day before.
Under the decision to commence rehabilitation proceedings, filings for rehabilitation claims and collateral rights, as well as equity such as shares, will begin on Apr. 16, followed by an examination period from May 14 to Jun. 10.
In this process, KD's transactions were suspended starting on the 6th, and transactions resumed on this day after about 10 trading days. However, due to weakened investor sentiment following the start of rehabilitation proceedings, selling pressure has mounted, and the stock price is plunging.