Kolon TissuJin Stock Plunges 90% to 15,000 Won on July 26, Brokers Downgrade to Neutral

Kolon-1.15%
Kolon TissuJin's stock crashed 90% to 15,000 Korean won on July 26, down from its 52-week high of 149,000 won reached on May 12, according to financial data. On the same day, the company's CEO Noh Moon-jong and co-CEO Jeon Seung-ho issued a public apology on the company website. Following the collapse, securities analysts downgraded the stock from buy to neutral ratings.
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