Juyun Tech is facing a decline as concerns grow over its potential delisting due to failing to meet market capitalization requirements.
As of 9:26 a.m. on September 17, Juyun Tech's shares were trading at 495 won, down 4.26% (22 won) from the previous trading day, according to the Korea Exchange.
The stock has been on a steep decline this month, falling from 1,084 won on September 1 to 495 won today, a drop of 54.3%. Compared to the closing price of 1,115 won on August 31, the decline amounts to 55.6%.
Investor sentiment is reportedly being weighed down by fears of delisting. The Korea Exchange announced the day before that it had issued a warning regarding Juyun Tech's potential delisting due to insufficient market capitalization.
Juyun Tech was designated as a management issue on July 21 after failing to meet the market capitalization threshold for 30 consecutive trading days. If the company does not maintain a market capitalization above the threshold for at least 45 days within a 90-day period following this designation, it will face delisting. The market capitalization threshold, effective from July this year, is set at 30 billion won.
As of the close of regular trading on September 16, Juyun Tech had been under management issue designation for 40 trading days, but it has not met the 30 billion won market capitalization requirement for even a single day. The exchange stated that if the number of days below the market capitalization threshold reaches 46, the company will not meet the requirement for 45 consecutive days, triggering delisting procedures.
Founded in 1988, Juyun Tech is a first-generation PC manufacturer in South Korea and was listed on the stock market in 2006. Its main business includes the manufacturing, distribution, and sale of PCs and peripherals such as desktops, laptops, and monitors.
* This article has been translated by AI.
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