Mom's Touch Confirmed for KOSDAQ Delisting on the 31st of This Month

[Asia Economy Reporter Hyunseok Yoo] Mom's Touch announced on the 19th that it is scheduled to be delisted from the KOSDAQ market as of the 31st.

Earlier, Mom's Touch applied for voluntary delisting to the Korea Exchange on March 30th after a resolution at the extraordinary general meeting of shareholders. Accordingly, the Exchange approved the delisting after review by the Corporate Evaluation Committee.

The orderly trading period before delisting is from the 20th to the 30th. Mom's Touch's largest shareholder, Korea F&D Holdings, plans to purchase shares from minority shareholders during the orderly trading period and for six months after the delisting date.

The purchase price is 62,000 KRW per share. Mom's Touch announced its voluntary delisting and has been conducting a public tender offer since January of this year.