AREITS plunged more than 77% on the 29th as it entered liquidation trading ahead of delisting.
As of 9:25 a.m. that day on the Korea Exchange, AREITS was trading at 700 won, down 2,430 won (77.64%) from the previous session.
Earlier, AREITS's manager, A Self-Managed Real Estate Investment Company, triggered a substantive review due to sales of less than 5 billion won on Mar. 11, 2024, and its delisting was decided on Aug. 20 last year.
Afterward, A Self-Managed Real Estate Investment Company filed for a temporary injunction to suspend the effectiveness of the delisting decision, which put liquidation trading on hold; however, as the injunction request was dismissed on the 21st, liquidation trading resumed from that day through June 9.
A Self-Managed Real Estate Investment Company is a self-managed real estate investment company that is operating leases for 34 units of the E-pyeonhan Sesang Mullae Eduplatz long-term general private rental housing and eight neighborhood living facility units within the complex, and is promoting a senior residence development project in Dongin-dong 2-ga, Jung-gu, Daegu.