KOSDAQ-listed company Hansong Neotek announced on the 25th that it received an audit opinion of 'unqualified' from Daehyun Accounting Corporation for its 2022 audit report. As a result of this re-audit, the formal reason for delisting has been resolved.
The Korea Exchange plans to conduct a substantive review of Hansong Neotek's listing eligibility by the 16th of next month to decide whether to resume trading. If the company is not subject to the substantive review, trading is expected to resume.
A Hansong Neotek representative stated, "Receiving this unqualified opinion has resolved internal and external risks related to company management," and added, "We will thoroughly prepare for the upcoming Korea Exchange review and make every effort across the company to ensure trading can resume, for the shareholders who have waited and supported us for a long time."
He continued, "Especially from this year, having resolved management risks, active order acquisition activities will be possible again, accelerating the improvement of our financial structure," and added, "Through this, we will increase the company's sales and profitability."
Despite the downturn in the display industry last year, Hansong Neotek achieved approximately 7 billion KRW in new orders in its core OLED bonding equipment business segment.
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