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[Alpha Biz=(Chicago) Reporter Paul Lee] 3PRO TV operator Ebroadcasting's Initial Public Offering (IPO) challenge has been put on hold. This is because the Korea Exchange concluded that the listing was not approved about seven months after the request for review.
According to the financial investment industry on the 4th, the Korea Exchange held a listing committee and decided not to list e-broadcasting.
Earlier on July 21 last year, e-broadcasting applied for a preliminary review of the KOSDAQ listing through a merger with NH SPAC 25 on the Korea Exchange. At that time, the company's value was estimated at about 250 billion won.
Meanwhile, 3PRO TV's largest shareholder is Kim Dong-hwan, who holds a 32.74% stake. Lee Jin-woo and Jung Young-jin each hold 14.65 percent of the shares.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
