South Korea’s SLS Bio, whose delisting has been confirmed just three years after listing on the KOSDAQ market, will enter liquidation trading starting Oct. 27. The Korea Exchange disclosed on Oct. 23 that trading in SLS Bio shares will be freed from suspension on Oct. 27 in line with the delisting decision. The liquidation trading period runs seven trading days from Oct. 27 to Nov. 4, with delisting scheduled for Nov. 5.
Liquidation trading is a procedure that gives investors in a stock facing delisting a final chance to sell. Unlike ordinary stock trading, however, no price limits apply, so price volatility can become extreme. Once liquidation trading ends and the delisting takes effect, the stock can no longer be traded on the KOSDAQ…