Sambutogeon has faced the risk of delisting after receiving an adverse audit opinion for two consecutive years.
On the 1st, the Korea Exchange suspended trading of Sambutogeon's shares due to the occurrence of delisting reasons caused by failure to meet audit opinion standards.
This is the second time trading has been suspended for Sambutogeon, following the application for rehabilitation proceedings in February. This recent action came after Sambutogeon disclosed that it received a 'disclaimer of opinion' from its auditor for the previous year.
In 2023, Sambutogeon had received a 'qualified opinion' from its auditor. In both cases, the reason cited was "there is uncertainty regarding the company's ability to continue as a going concern."
Sambutogeon can file an objection by the 21st.
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