[Edaily Reporter Park Sun-Yeop ] INVENIA Co.,Ltd.(079950)announced on the 15th that it has been notified of a pending designation as a company with inadequate disclosure practices because it failed to disclose that, during its internal financial settlement process, grounds for designation as a “monitored stock,” a “nominal delisting,” or a “substantive review of listing eligibility” had arisen.
The date on which the grounds for disclosure arose was February 11. The exchange plans to follow the relevant procedures and decide by August 10 whether to designate the company as a non-compliant discloser and determine the penalty points to be imposed.
INVENIA Co.,Ltd. currently has 0 penalty points imposed for non-compliant disclosures over the past year.
If the company is ultimately designated as a non-compliant discloser and the penalty points imposed for this incident total 8 or more, trading in its shares may be suspended for one day. If the cumulative penalty points over the past year, including this incident, total 10 or more, the company may be subject to a substantive review of its listing eligibility.