CJ Seafood preferred shares face delisting risk as market cap stays below KRW 2 billion threshold
Bitget2026/10/12 08:23- CJ Seafood’s CJ Seafood1 preferred shares face potential delisting from Korea’s main board for failing the minimum market-cap requirement.
- The shares were flagged as an “issue for administration” on July 20 after market cap stayed below KRW 2 billion for 30 trading days.
- As of Oct. 12, the market cap has remained below KRW 2 billion for 55 straight trading days, with zero qualifying days above the threshold.
- If sub-KRW 2 billion days reach 61, the shares can no longer meet the 30-day compliance test, triggering delisting procedures.
- The notice applies only to the preferred shares. Common shares are not affected.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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