[Stock in Focus] Kolon Mobility Group Resumes Trading After One Day, Falls Over 8%

Kolon Mobility Group, which had its trading suspended for a day after being designated as an investment risk stock, is experiencing a sharp decline following the resumption of trading.

As of 10:07 a.m. on September 30, Kolon Mobility Group was trading at 19,350 won on the Korea Exchange, down 1,800 won (8.51%) from the previous session.

Previously, Kolon Mobility Group was designated as an investment risk stock, resulting in a one-day trading suspension on September 29.

Kolon Mobility Group had seen its stock price surge ahead of its planned full integration as a wholly owned subsidiary of Kolon. Last month, Kolon held a board meeting and decided to fully incorporate Kolon Mobility Group as a wholly owned subsidiary through a comprehensive stock swap. As a result, Kolon Mobility Group hit the upper price limit for six days this month alone, with its stock price soaring more than 400% since the beginning of the month.