Korea Exchange has deferred further delistings under its tougher market-cap rule, but trading stays suspended in eight companies it had already decided to delist. Their holders cannot sell, and the exchange's plan to challenge the ruling behind the pause leaves no date for trading to resume.
Reality
- Evidence55
- Adoption
- Insufficient
- Hype gap0
- Incentives
- Insufficient
- Confidence60
Korea Exchange paused delisting procedures for eight small caps after a court granted injunctions to two of them over its market-cap rule. Some flagged shares hit their daily upper limit on the news, a bet that regulators will soften a test the exchange still applies.
Perspective Coverage
3 publishers
- Builder
- Builder 0%
- Operator
- Operator 42%
- Investor
- Investor 58%
Reality
- Evidence60
- Adoption
- Insufficient
- Hype gap+10
- Incentives40
- Confidence62
South Korea's Supreme Court upheld HSBC Hong Kong's acquittal on 15.8 billion won of alleged naked short sales, the country's first such criminal case. Its holding that an unexecuted sell order is not the offence gives the next prosecution a stricter test to meet.
Perspective Coverage
3 publishers
- Builder
- Builder 5%
- Operator
- Operator 53%
- Investor
- Investor 42%
Reality
- Evidence72
- Adoption
- Insufficient
- Hype gap+10
- Incentives30
- Confidence75
Parataxis Ethereum dropped its takeover of Parataxis Korea and a 29.77 million-share issue, citing appraisal claims that could drain its cash. Parataxis Korea's holders keep a stock suspended since Aug. 21 instead of listed shares due in January.
Reality
- Evidence60
- Adoption
- Insufficient
- Hype gap0
- Incentives
- Insufficient
- Confidence55
Seoul's Southern District Court voided the Korea Exchange's market-cap delisting rule, freezing two removals as about 30 KOSDAQ firms face the same test. Until the exchange adds a right of objection, any removal on market value alone is likely to end up before a judge.
Reality
- Evidence58
- Adoption
- Insufficient
- Hype gap+20
- Incentives45
- Confidence60