On the 31st, Wintec's stock price is showing a sharp decline. It is interpreted that investment concerns have increased as the final payment scheduled under the stock transfer agreement was not properly made on the expected date.
As of 10:10 AM on the same day, Wintec's stock price is trading at 5,990 KRW, down 15.40% compared to the previous trading day.
According to the stock transfer agreement, the largest shareholder was originally scheduled to change from Eotechnique to Spacial Biotechnology Co., Ltd., GD Finder Co., Ltd., and Twinfix Corporation Co., Ltd. the day before. However, since the final payment was not properly made on the scheduled date, the company announced that the date has been postponed to April 13.
The company stated, "Due to the uncertainty of the payment, a grace period (+10 trading days) specified in the contract is applied, and the final payment date and the expected date of the largest shareholder change are recorded as April 13," in the disclosure.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
