[Edaily Reporter Park Sun-Yeop ] Westrise(064090)announced on the 3rd that it has filed a motion with the Seoul Southern District Court for a preliminary injunction to suspend the effect of the delisting decision issued by the Korea Exchange.
The company requested that the Seoul Southern District Court suspend the effect of the delisting decision issued by the Korea Exchange on the 2nd regarding the company’s issued shares until a final judgment is rendered in the main lawsuit seeking confirmation of the invalidity of the delisting decision.
It also sought a ruling that the Korea Exchange must not proceed with liquidation trading procedures for the relevant shares. The petition further stated that the Korea Exchange should bear the litigation costs.
The company requested that the Seoul Southern District Court suspend the effect of the delisting decision issued by the Korea Exchange on the 2nd regarding the company’s issued shares until a final judgment is rendered in the main lawsuit seeking confirmation of the invalidity of the delisting decision.
It also sought a ruling that the Korea Exchange must not proceed with liquidation trading procedures for the relevant shares. The petition further stated that the Korea Exchange should bear the litigation costs.
