Korea Thrunet has announced plans to seek a secondary listing on its home exchange, the Korea Stock Exchange, by December this year. The move comes as Thrunet - like many Asian internet companies -looks for ways to boost its flagging shares which were listed on Nasdaq in November last year.
Thrunet has gone from an all-time high of $70.625 back in December down to a recent year-low of $8.625 this month. Moreover, average daily volume has gone down from 11.4 million shares traded in December to an average of just under 1.4 million shares traded every day in August.
According to Thomas Sung, investor relations manager at Thrunet in Seoul, the...
