카프로 is experiencing a decline on its final trading day before delisting.
According to the Korea Exchange, as of 1:37 PM on September 16, Capro's shares have fallen by 18.18% (8 won) to 36 won. The trading volume for the day is 1,490,641 shares.
Capro has been undergoing special trading since September 8, with shares plummeting 94.95% to close at 185 won on the first day. The stock continued to decline, closing at 147 won on September 9, 144 won on September 10, 120 won on September 11, 71 won on September 14, and 44 won on September 15. Compared to the last trading price of 3,660 won before the special trading, the current share price has dropped by approximately 99%.
According to a notice from the Korea Exchange, the special trading period for Capro ends today, and the company will be delisted from the KOSDAQ market on September 17. The delisting affects 169 million common shares.
On November 24, the Korea Exchange's KOSDAQ Listing Committee determined that Capro met the criteria for delisting based on its compliance with improvement plans, business continuity, management transparency, public interest realization, and investor protection. Although Capro filed for a suspension of the delisting decision, the court dismissed the request on September 2, allowing the delisting process to resume.
Founded in 1969 as Korea Caprolactam, Capro is a chemical company primarily producing caprolactam, a nylon raw material, and urea for fertilizers. It was listed on the KOSDAQ in 1974 but has faced management difficulties due to intensified competition from Chinese firms and a downturn in the petrochemical industry. Capro has since been restructuring its business model centered around caprolactam to achieve operational normalization.
* This article has been translated by AI.
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