Daily BriefsSouth Korea

Daily Brief South Korea: Eoflow , L&F Co Ltd and more

In today’s briefing:

  • Weekly Deals Digest (29 Oct) – Eoflow, Haitong Intl, Hollysys, Azure, Symbio, EcoPro, Cainiao
  • L&F (066970 KS): Index Implications of KOSDAQ to KOSPI Transfer


Weekly Deals Digest (29 Oct) – Eoflow, Haitong Intl, Hollysys, Azure, Symbio, EcoPro, Cainiao

By Arun George


L&F (066970 KS): Index Implications of KOSDAQ to KOSPI Transfer

By Brian Freitas

  • L&F Co Ltd (066970 KS) has applied to the KRX for a transfer from the KOSDAQ market to the KOSPI market.
  • Based on history, the approval for the transfer and the listing change could take place some time in December.
  • L&F (066970 KS) will not be short-sell eligible for 6 months or longer. That means short covering prior to index deletion and a possible overshoot in the stock price.

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