[Edaily Reporter KIM SAE-MI ] LabGenomics. Co., Ltd.(084650)must maintain a closing price of 1,000 won or higher for the next 16 trading days to avoid delisting due to a share price falling below the minimum threshold.
The KOSDAQ Market Division of the Korea Exchange announced on the 6th that 41 trading days have passed since LabGenomics. Co., Ltd. was designated as a “monitored stock,” and that the number of consecutive trading days on which the closing price met or exceeded 1,000 won stands at 29.
Previously, LabGenomics. Co., Ltd. was designated as a “monitored stock” on August 13 after its closing price remained below 1,000 won for 30 consecutive trading days.
According to KOSDAQ listing regulations, failure to maintain a closing price of 1,000 won or higher for 45 consecutive trading days within 90 trading days of being designated as a “monitored stock” constitutes grounds for delisting.
Consequently, LabGenomics. Co., Ltd. will meet the requirements for removal from the watchlist if it maintains a closing price of 1,000 won or higher for 16 consecutive trading days. Conversely, if the closing price falls below 1,000 won starting on the 46th trading day after being designated as a watchlist stock, it could trigger grounds for delisting.
