Parasite production company faces delisting with 21 trading days to restore market cap

  • Barunson E&A faces automatic delisting after 23 trading days below the market-capitalization requirement.
  • Another 21 trading days below 20 billion won would satisfy the exchange’s delisting condition.
  • Minority shareholders held 68% of shares and are considering legal action and protests.

Barunson E&A, the South Korean production company behind Parasite, faces automatic delisting proceedings after its market capitalization stayed below the Korea Exchange’s 20 billion won threshold for 23 consecutive trading days. The company was designated as an Administrative Issue on August 6 for failing to meet the market-capitalization requirement and was additionally classified under the penny-stock criterion on August 13 after its share price fell below 1,000 won. If the market cap remains below the threshold for another 21 trading days, it will reach the required 45 consecutive trading days within 90 days of designation. An April 4-for-1 capital reduction briefly lifted the stock from about 200 won to around 1,000 won, but it later fell to roughly 600 won. Minority shareholders, who held 68% of the shares at the end of June, have criticized management and are considering legal action and protests. Their concerns include the company’s 0.2 price-to-book ratio and its reported first-half equity of 60.6 billion won, cash and cash equivalents of 3.8 billion won, equity securities worth 5.6 billion won and Hannam-dong investment property appraised at 104.37 billion won.

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