주연테크 has seen its stock price decline for five consecutive trading days due to concerns over its failure to meet market capitalization requirements for listing.
According to the Korea Exchange, as of 1:50 PM on September 10, Juyun Tech's shares were trading at 697 won, down 86 won (10.98%) from the previous trading day. The stock has dropped 35.76% from 1,085 won over the past five days.
The company's market capitalization has fallen to approximately 9.7 billion won based on the closing price. The Korea Exchange had previously issued a warning regarding potential delisting due to Juyun Tech's failure to meet market capitalization requirements after the market closed the day before. Juyun Tech was designated as a management stock on July 21 after failing to meet the minimum market capitalization for 30 consecutive days. If the company does not maintain a market capitalization above the required threshold for at least 45 days within the 90-day period following this designation, it may face delisting.
As of September 9, 35 days had passed since the designation, and Juyun Tech has not met the market capitalization requirement for any of those days. If the company remains below the required market capitalization for 46 days, it will not be able to meet the 45-day requirement, leading to delisting procedures.
Juyun Tech's stock price rose to 1,115 won on August 31, marking a 20.15% increase in a single day, but it has since fallen on six of the last seven trading days. Notably, the stock has dropped below 1,000 won during the last five consecutive trading days. The minimum market capitalization requirement was 20 billion won until the end of June but was raised to 30 billion won starting July 1. Juyun Tech has not been able to recover its market capitalization since being designated as a management stock, increasing the likelihood of delisting.
* This article has been translated by AI.
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