Seoul Food Industrial preferred shares may be delisted: KRX

Seoul Food Industrial’s preferred shares were flagged by KRX for potential delisting as their market capitalization remains below KRW 2 billion. The preferred shares entered watchlist status on July 14 and have stayed below the threshold for 55 days as of Oct. 6. Delisting procedures are expected if they remain below KRW 2 billion for 61 days, making the 30-day recovery requirement unattainable. Common shares are unaffected.