What Happened to Kosnine (082660)?
Kosnine announced the termination of its reorganization proceedings on August 13, 2025. This triggers a delisting review and significantly increases the likelihood of delisting from the exchange.
Why Were the Proceedings Terminated?
Kosnine’s Q1 2025 report reveals severe financial distress, including accumulated deficit, short-term convertible bond burdens, declining revenue, and increasing operating and net losses. These factors likely made the reorganization plan unfeasible.
What Are the Potential Consequences?
The termination significantly increases the risk of delisting. Expect negative investor sentiment, sharp stock price declines, potential trading halts, and difficulty securing new funding.
Investor Action Plan
Current investors: Immediate sale of all holdings is recommended to minimize potential losses.
Potential investors: Avoid any investment in Kosnine.
All investors should closely monitor company announcements and the delisting review process.