The stock price of Soribada, which was decided to be delisted due to the refusal of an audit opinion, is showing a sharp rise and fall during the closing period.
As of 9:30 am on the 30th, Soribada is trading at 690 won on the KOSDAQ market, up 74.68% from the previous day.
At one point in the early trading session, it rose 115.19%.
The stock price of Soribada plummeted 90.03% the day before, the first day of bundling.
Consolidation trading is a system that grants a certain amount of time for investors to dispose of their stocks after the decision to be delisted.
Speculative trading that seeks to make a profit through ultra-high frequency trading is sometimes made because the price limit is not applied during close trading.
Previously, the Korea Exchange held a corporate review committee on May 31 and decided to delist Soribada.
The reason for delisting is refusal of an audit opinion due to limited audit scope.
Afterwards, Soribada applied for an injunction to suspend the effect of the delisting decision to the court, but the delisting was confirmed as the decision was dismissed.
The closing period is until September 6th.
/yunhap news