The decision on whether Osstem Implant, which has been subjected to a large-scale embezzlement case, is subject to a substantive examination of listing eligibility has been postponed for a full week.
The Korea Exchange announced that it is extending the preliminary review period, saying that careful judgment is necessary due to the large social interest and impact of this incident on the market.
Osstem Implant has been suspended from trading on the 3rd due to the embezzlement of a money management employee, which caused a substantive review of listing eligibility.
According to this postponement, the Korea Exchange will decide whether Osstem Implant is eligible for listing eligibility substantive examination by the 17th of next month, and will maintain or lift the trading suspension status.
If the company is subject to the qualification substantive examination, the company must submit the improvement plan within 15 days, and the exchange will review the plan within 20 days and hand it over to the Corporate Review Committee to decide whether to delist or not.
YTN Cho Tae-hyun (choth@ytn.co.kr)
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