Delisting injunction denied, resumption of grace period trading... stock value virtually wiped out
According to the Korea Exchange disclosure, the court rejected JK River Stone REIT's injunction to suspend the delisting decision.
Consequently, grace period trading will resume from June 2, 2026 to June 11, 2026, after which delisting is finalized.
Shareholders can only dispose of shares during the grace period; afterward, shares become unlisted and illiquid, leading to a sharp decline in value.
The delisting stems from an embezzlement/breach of trust incident (Feb 11, 2025) and the Listing Committee's review (May 26, 2025), indicating severe credibility and financial health issues.
[AI Comprehensive Analysis]This disclosure confirms the delisting. The only option for investors is to minimize losses during the grace period. The probability of value recovery is extremely low, and remaining shares risk becoming virtually worthless.
KOSPI Filing Information
Filing: Other Market Notice (Resumption of Liquidation Procedure Following Decision to Dismiss Application for Provisional Injunction to Stay Effect of Listing Delisting Decision)
Company: JK River Stone Real Estate Investment Trust (204210)