Noble M&B Delisting Injunction Rejected, Resumption of Delisting Process Poses Risk of Share Value Extinction
The Seoul Southern District Court rejected Noble M&B's request for a preliminary injunction to suspend the delisting decision. Consequently, the delisting procedure resumes with a liquidation period from June 22 to June 30, 2026.
The court dismissed all claims by Noble M&B and ordered the company to bear litigation costs, rendering its efforts to maintain the listing futile.
Shareholders must dispose of their shares during the liquidation period, as the delisting will likely render the shares virtually worthless, posing a significant investment risk.
[AI Summary]The rejection of the delisting injunction forces the resumption of the liquidation process, leaving shareholders with no option but to sell early. Given the KOSDAQ review committee's prior confirmation of deteriorating business conditions, the likelihood of value recovery is extremely low.
KOSDAQ Filing Information
Other Market Notice (Resumption of Clean-up Trading Procedure Following Dismissal of Injunction to Suspend Effect of Delisting Decision, etc.)