광고

Fantagio in the dark clouds, 『Sudden Warning』! Concerns about 『Designation of Management Category』, Desperate Crisis...

◈『Capital erosion』 caught the ankle of the fantasio, only 『capital reduction to avoid management items!

Cheol-Seong, Park Colunist | 기사입력 2020/11/16 [11:28]
ENGLISH
Korean News
Fantagio in the dark clouds, 『Sudden Warning』! Concerns about 『Designation of Management Category』, Desperate Crisis...
◈『Capital erosion』 caught the ankle of the fantasio, only 『capital reduction to avoid management items!
Cheol-Seong, Park Colunist
필자의 다른기사 보기 인쇄하기 메일로 보내기 글자 크게 글자 작게
기사입력: 2020/11/16 [11:28]
트위터 페이스북 카카오톡

[The circuit breaker of Park Cheol-seong]

 

 ©Cheol-Seong, Park 

Fantagio's 2019 audit report said that the "continued business loss rate before deducting corporate tax expenses in the last three business years" exceeded 75.55%, exceeding 50%. As of the first half of 2020, the ratio of capital erosion is already 43.72%. Experts predicted and reported that the "continued business loss rate before deducting corporate tax expenses in the last three business years" will exceed 50 percent this year.

 

The KOSDAQ-listed company Fantagio (032800) was flooded with dark clouds. There is widespread concern that heavy rain could soon fall.

 

Fantagio is facing a crisis of "designation of management items." This is why experts issued the "Quickfall Warning" in Fantagio.

 

Experts point out that Fantagio, which withdrew its 20 billion won capital increase on the 6th, could be included in the management category.

 

Management items refer to those specifically designated by the Korea Exchange among those that meet the criteria for delisting. Management items are based on the regulation of listing securities.

 

First of all, management is the same as part two. be excluded from credit transactions It cannot be used as a proxy securities.

 

The method of sale is also subject to separate restrictions. The prices received shall be treated as simultaneous prices within the time limit of the sales and attendance by the former and the latter. Pricing takes a stand-alone selling approach at a single price.

 

What is important is that if the reason for designation of management items is repeated, they can be delisted.

 

©Cheol-Seong, Park

  
▲According to Fantagio's disclosure, the initial payment date was August 5, when the company decided to issue 20 billion won in convertible bonds on May 7, 2020. Fantagio, however, said in a public announcement on the 23rd that it had originally postponed the payment date from August 5 to October 30 and then postponed it again to November 29.

 

The formal requirements for the designation of management items by the Korea Exchange include the failure to submit business reports in the quarter and the half of the year, and the receipt of a "limited opinion" as an audit opinion by an accounting firm.

 

In addition, the actual requirements are ▲less than sales (less than 3 billion won per year), ▲ capital erosion (more than 50 percent of capital erosion, less than 1 billion won of equity capital), ▲less than distribution of shares (less than 200 small shareholders, less than 20 percent of minority shareholders), ▲less than transaction volume (a monthly average transaction volume of less than 1% of current stocks) for 30 days (a total market value of less than 4 billion won).

 

In addition, other requirements for designation of management items include a corporation that has made an unfaithful disclosure for two years for violation of its disclosure obligation and has a penalty of 15 or more points.

 

It was the "capital erosion" that held Fantagio back. This is a fatal blow.

 

As explained earlier, 'more than 50% of its own capital. Continued business losses before deducting corporate tax expenses are included in the" management category" if they are more than twice in the last three years.

 

Fantagio is now on the verge of regulation. This is the case this year, following 2019. Experts point out that it is inevitable to include management items in the current financial statements.

 

Fiscal year 2020 is less than 30 business days. There is no time to overcome.

 

But first aid is not impossible. Potatoes are inevitable for Fantagio to avoid designation as a management item.

 

"If Fantagio wants to avoid designation as a managed item, at least 5 to 1 or more potatoes are inevitable," said A, an accountant.

 

The problem is that potatoes are not as easy as it sounds. This is because the resolution is a special resolution of the shareholders' meeting.

 

This coming 23rd is Fantagio's extraordinary shareholders' day. Will the struggle to get out of the management crisis be successful?

 

Of course, on the day of the shareholders' meeting, an emergency proposal may be made. On this day, we can throw too much potato resolution. But this, too, is only an expectation, an unknown.

 

This is why experts advised Fantagio to pay special attention to its "urgent warning" and investment.

pcseong@naver.com

 

 
Writer/Cheol-seong Park, a waiting writer, <Director of Research Center·Columnist>

ⓒ 호주브레이크뉴스. 무단전재 및 재배포 금지
트위터 페이스북 카카오톡
  • 도배방지 이미지

광고
PHOTO News
메인사진
영국 에프에이글로벌 포렉스 카운티, 아시아ㆍ아메리카 지역 정조준! 송금서비스 및 대규모 M&A 출사표...
메인사진
Kang-ho Song, a leading Australian political sensation... "Politics is a purpose, not a goal.
메인사진
방탄소년단, `그래미 어워드` 후보 등극..."아미와 함께 쓰는 역사 될 것"
메인사진
Biden plans to announce his first Cabinet appointment on the 24th.Key positions, such as the Secretary of State, Defense and Finance, will be announced.
메인사진
Australia is looking to revive its economy with the Olympics?...declaration of official hosting of the Summer Olympics in '2032'.
메인사진
[화보]러블리즈 미주, “아직 보여드리지 않은 모습 많아..천천히·조금씩”
메인사진
임성재, 마스터즈 준우승 쾌거!...아시아 골퍼 중 최고 성적
메인사진
Fantagio in the dark clouds, 『Sudden Warning』! Concerns about 『Designation of Management Category』, Desperate Crisis...
메인사진
North Korea Possible Military ExploitationU.S. expert on Biden's declaration, possible ballistic missile test
메인사진
Trump's claim to be a reality? ...'0.3%p car' Georgia finally decides to recount.
메인사진
Australia to Review Allowing Covid 19 Low-Risk Countries to Enter with China...Korea is unknown!
메인사진
'Covid19' Vaccine Effect 90%...Pfizer clinical trial successful!
메인사진
U.S. presidential election, Biden 'win' for sure... It's not about winning or losing Pennsylvania.
메인사진
U.S. presidential election raises expectations with "October surprise"!
메인사진
Former U.S. Undersecretary of the Navy's writing ramifications! "There is a great possibility of China's attack on Taiwan on November 3rd."
메인사진
Feelux Group Donates 100 Million Won to Recover from Heavy Rain Damage!
ENGLISH 많이 본 기사