DYPNF stated on the 12th, "We have received many inquiries regarding the excessive stock price decline," and added, "There are absolutely no internal factors that could negatively affect the stock price." They continued, "Business is progressing smoothly," and "The first quarter report will also be submitted within the deadline."
The company explained that growth is accelerating due to the resumption of orders delayed since COVID-19. The market size has also expanded with the growth of front industries such as secondary batteries and waste batteries. They expressed confusion as there are no internal factors that could negatively impact the stock price.
A company representative said, "However, it is estimated that the recent large short-term stock price fluctuations are due to the effects of forced liquidation occurring in the stock market," and added, "There are no legal issues, and the company's intrinsic value remains unchanged, so we ask investors to keep this in mind."
They emphasized, "We will take responsibility and do our best to manage the stock price and enhance shareholder value."
On the same day, DYPNF's stock price fell to the limit down. With French securities firm Soci?t? G?n?rale (SG) and global investment bank Morgan Stanley appearing among the top selling channels, suspicions of forced liquidation related to Contracts for Difference (CFD) are growing.
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