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Capro Shares Plummet Over 90% on First Day of Delisting Trading
Process Industries · Chemicals: Major Diversified · yonhap_finance · 2026-09-08
006380
Capro shares plunged by more than 94% on the first day of delisting procedures, marking a grim end for the chemical manufacturer after years of financial struggle.
What Happened
Delisting Process: Capro, a company slated for delisting from the KOSPI market, saw its share price collapse by 94.95% to 185 KRW on the first day of its delisting trading session. The stock experienced significant downward pressure throughout the day.
Background: Trading of Capro shares had been suspended since January 2024 due to severe capital impairment and insufficient revenue. Despite attempts to improve its financial standing during a grace period, the Korea Exchange ultimately decided to proceed with delisting.
Operational Challenges: Established in 1974, the chemical manufacturer struggled with factory shutdowns, rising production costs, and geopolitical headwinds like the war in Ukraine. The exchange cited concerns over management transparency and the company's long-term viability as key reasons for the delisting.
Next Steps: The company's attempt to halt the delisting through a court injunction was rejected on the 1st of this month. The Korea Exchange will continue the delisting trading period until the 16th, after which the company will be officially removed from the stock exchange.