Yonhap Infomax NewsContentreeJoongAng Co. shares plunged nearly 40% in a week, but the company assured investors there are no major business issues, while pledging to improve its financial structure after a credit downgrade and ongoing liquidity concerns.
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ContentreeJoongAng Loses 40% of Market Cap in a Week—'No Unusual Business Developments,' Says CEO
ContentreeJoongAng Co. shares plunged nearly 40% in a week, but the company assured investors there are no major business issues, while pledging to improve its financial structure after a credit downgrade and ongoing liquidity concerns.