[Featured Stock] DigiCap Plummets Over 20% Following Creditor's Bankruptcy Filing News

Commemorative plaque presentation followed by a commemorative photo. From the left: Hongki Kang, Vice Chairman of the IR Council; Yongtae Shin, CEO of Digicap; Jaejun Kim, Head of KOSDAQ Market Division at Korea Exchange; Dohui Lee, CEO of Digicap; Yongun Kwon, CEO of Kiwoom Securities.

[Asia Economy Reporter Ji Yeon-jin] DigiCap is plummeting more than 20% following news of its bankruptcy filing on the 1st.

As of 9:47 a.m. on the same day, DigiCap is trading at 5,200 KRW on the KOSDAQ market, down 23.68% (1,620 KRW) compared to the previous day.

Earlier, DigiCap announced that Mosaic Ventures confirmed the bankruptcy filing at the Seoul Bankruptcy Court on the 25th of last month. The company stated, “We consider this a malicious bankruptcy filing and plan to actively respond through legal procedures.”

DigiCap had previously received a disclosure request regarding rumors of a bankruptcy filing by creditors on the 25th of last month. The company acknowledged the receipt on the 26th but responded that it had not received the delivery of the details.