The Korea Exchange KOSDAQ Market Division announced on the 19th that it has accepted the objection to the suspension of the additional listing of SpearPower.
Last month, SpearPower filed an objection with the Korea Exchange regarding the suspension of the additional listing of its shares. Accordingly, the Korea Exchange held a listing committee meeting and reviewed and resolved to allow the additional listing of the new shares that had been suspended, stating that the additional listing of the shares does not pose a risk to the safety of trading.
The Korea Exchange is interpreted to have initially judged that the grounds for the injunction lawsuit filed by BigBrothers to prohibit the listing were not valid.
In response, a SpearPower official stated, “Certain forces are repeatedly filing and withdrawing lawsuits with malicious intent to obstruct business, but our company will strive to enhance shareholder value.”
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