1. DaeYoo Delisting: What Happened?

Following the court’s rejection of DaeYoo’s application, the delisting process has officially resumed. A trading suspension period will run from August 11th to 20th, after which trading of the stock will be permanently halted.

2. Why the Delisting?

Ongoing management issues, including an embezzlement lawsuit against the former CEO, led to DaeYoo’s delisting from the exchange.

3. Impact on Investors

  • Sharp Price Decline: Expect a significant drop in share price during the trading suspension period, with a high volume of sell orders.
  • Investment Losses: Existing shareholders will likely face substantial losses.
  • Trading Halt: Trading of DaeYoo shares will cease completely after the suspension period.

4. Investor Action Plan

Current DaeYoo shareholders should consider selling their shares during the trading suspension period to minimize potential losses. However, be aware of the high volatility expected during this time, and proceed with extreme caution. Given the confirmed delisting, further investment in DaeYoo is strongly discouraged.