Pintel Corrects Disclosure on Unusual Price Movement, Adds Second Public Institution Bid of 1.9 Billion KRW with Contract Uncertainty
Pintel corrected its response to the KOSDAQ inquiry on unusual price movements, disclosing it was selected as the first priority for two public institution bids, up from one previously.
The estimated contract amounts are about 1.2 billion KRW and 1.9 billion KRW respectively, but eligibility reviews are ongoing and final orders are not confirmed; the company will re-disclose within one month.
This disclosure likely drove the recent stock surge and volume increase, but contract uncertainty poses investment risk.
[AI Summary]Pintel disclosed its selection as the top priority for two public bids totaling 3.1 billion KRW, but the contracts remain unconfirmed due to pending eligibility reviews. Short-term stock volatility is expected, and investors should monitor final award decisions.
KOSDAQ Filing Information
[Correction of Description] Response to Inquiry Disclosure Request (Significant Price Fluctuation) (Undecided)