KOSDAQ to Decide on Substantive Listing Eligibility Review for ITOXI Within 15 Days
ITOXI announced that the exchange will decide within 15 business days by August 10 whether to subject it to a substantive listing eligibility review following the event on July 20.
If the substantive review is triggered, the corporate review committee will deliberate, potentially leading to delisting; otherwise, the trading suspension will be lifted.
Currently, ITOXI shares are suspended at 312 KRW with a market cap of approximately 4.5 billion KRW, and investors must monitor the delisting risk.
[AI Summary]This disclosure marks a critical procedural step in determining ITOXI's delisting fate, with a decision on the substantive review expected within 15 days. A confirmation of the review would introduce additional risks through the corporate review committee, negatively impacting shareholder value.
KOSDAQ Filing Information
Other Market Guidance (Notice of Deadline for Decision on Listing Eligibility Substantive Review)