Wonpung Industries, facing delisting due to insufficient market capitalization, saw its shares drop over 40% on the last day of trading.
As of 1:30 PM on September 18, the Korea Exchange reported that Wonpung Industries shares were trading at 23 won, down 20 won (46.51%) from the previous trading day, with trading volume exceeding 5.6 million shares.
The company was delisted due to a market capitalization falling below 20 billion won. Consequently, a final trading period has been conducted from September 10 to today, with the delisting scheduled for September 21 on the KOSDAQ market.
Since the start of the final trading period, the stock price has continued to decline. On September 9, just before the trading suspension, the stock closed at 248 won, but fell to 136 won on September 10, a drop of 45.16%. The price continued to decrease to 134 won on September 11, 99 won on September 14, 70 won on September 15, 56 won on September 16, and 43 won on September 17, before dropping to the 20 won range today. Compared to the closing price before the trading suspension, this represents a decline of over 90%.
During the final trading period, there are no price limits applied. Wonpung Industries will be traded in a single-price method at 30-minute intervals until 3:30 PM today, after which it will be removed from the KOSDAQ market.
Founded in 1972, Wonpung Industries was listed on the KOSDAQ market in 1997 and specializes in the manufacturing and sale of men's clothing, including suits and casual wear, operating brands such as Kinloch Anderson.
* This article has been translated by AI.
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