[Special Stock] Leaders Cosmetic with Four Consecutive Years of Deficit Hits Lower Limit Amid Management Item Concerns

[Asia Economy Reporter Ji Yeon-jin] Leaders Cosmetic is hitting the lower limit price amid concerns of being designated as a management item.

Leaders Cosmetic is trading at 2,120 KRW, down 29.92% from the previous day, since 9:17 AM today. This is interpreted as due to concerns over designation as a management item caused by continued operating losses.

The Korea Exchange explained regarding Leaders Cosmetic yesterday, "The company disclosed on February 10, 2022, at the internal settlement point that there was a reason for designation as a management item or delisting, reporting operating losses for four consecutive business years." It added, "If the audit report for 2021 confirms operating losses for four consecutive business years, the company may be designated as a management item according to Article 53 of the KOSDAQ Market Listing Regulations."