Paradise is showing a strong gain of over 3% in early trading following news that it has received preliminary review approval for transfer listing on the KOSPI market.
As of 9:15 a.m. on the 14th, Paradise is trading at 14,450 KRW, up 450 KRW (3.21%) from the previous day.
On the previous day, the KRX KOSPI Market Headquarters announced that Paradise's preliminary review for new stock listing was confirmed to be eligible for listing. In March, Paradise passed the agenda item "Conditional Delisting from KOSDAQ and Approval for Transfer Listing to KOSPI" as originally proposed at its regular shareholders' meeting and submitted an application for preliminary review for transfer listing to the KOSPI Market Headquarters. Previously, Paradise attempted to transfer list to the KOSPI market once in 2013, but it was unsuccessful at that time. Paradise has decided to re-pursue the transfer listing after 11 years to enhance corporate value. Passing the preliminary review is expected to accelerate the transfer listing process.
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