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KoreaStockCheckCOMPANY FILING REPORT · KRX FILINGS · AS OF 2023-07-17 — frozen at delisting
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FILING-RISK RATINGMODERATE RISK

Melfas

KRX 096640 · 멜파스
Filing-risk score 17 — higher scores indicate greater filing-based risk
LOWESTLOWMODERATEHIGHHIGHEST
⛔ DELISTED (2023-07-17) — Going concern (management transparency)
4
SHARE ISSUANCES
3
CONVERTIBLE BONDS
0
CAPITAL REDUCTIONS
15
CRITICAL FILINGS
2023-07
DELISTED
COUNTED FROM DART FILINGS · LAST 5 YEARS · FROZEN AT DELISTING — NOT UPDATED · EVERY ITEM LINKS TO THE SOURCE
Copy-ready summary — paste into notes or an AI chat
Melfas (KRX 096640) — filing record, last 5 years: 4 share issuances, 3 equity-linked bond issuances, 0 capital reductions, 15 critical filings. Delisted 2023-07-17 — going concern (management transparency). Source: DART via KoreaStockCheck (koreastockcheck.com) — every item links to the original filing.

Company overview

Main products & servicesNot provided in the KRX company profile.
figures from KRX and DART, frozen as of the delisting date
Filing summary. In the last five years this company filed 4 share issuances, 3 convertible-bond issuances. Its convertible bonds had conversion prices reset 11 times, which deepens dilution when it happens. Historically, 13.5% of companies rated MODERATE RISK were later delisted for cause, 3× the market average. The most recent of these filings: 2022-12-28. The report always looks at the last 5 years, so older filings roll off over time.

The full checklist

All monitored filing categories, including zero-count categories.

Audit-opinion issues0
Capital reductions0
Convertible/warrant bonds3
Conversion-price resets11
Corporate splits0
Debt guarantees for third parties0
Dividend declarations0
30%+ revenue/earnings changes5
Embezzlement/breach-of-trust filings9
Court rulings disclosed48
Share issuances4
Share cancellations0
Disclosure violation filings6
Administrative-issue filings (KRX)0
Critical filings, last 5 years15
Capital impairment (FY2022)None
Consecutive years of operating losses1
CoverageLast 5 years of filings

Company analyticsKEY STATS

DELISTED
2023-07
Going concern (management transparency)
SHARE COUNT, 5Y
+79%
Shares outstanding are 79% higher than five years ago
CRITICAL FILINGS
15
9× embezzlement/breach-of-trust (2022–2023) · 6× disclosure sanction (2020–2022) — 15 within the last 5 years; each listed below

Ten-year event timeline

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

CB / BW / EB · conversion-price reset · share issuance · capital reduction · corporate split · treasury-share cancellation · dividend · critical filing

Critical filingsMATERIAL EVENTS

🚩 2023-03-24 — Update on embezzlement / breach-of-trust allegation (9× in 3 yrs) · DART filing ↗
횡령ㆍ배임혐의진행사항
🚩 2023-01-10 — Update on embezzlement / breach-of-trust allegation (8× in 3 yrs) · DART filing ↗
횡령ㆍ배임혐의진행사항
🚩 2023-01-10 — Embezzlement / breach-of-trust allegation (8× in 3 yrs) · DART filing ↗
횡령ㆍ배임혐의발생
🚩 2022-12-21 — Embezzlement / breach-of-trust allegation (6× in 3 yrs) · DART filing ↗
횡령ㆍ배임혐의발생
🚩 2022-10-28 — Embezzlement / breach-of-trust allegation (5× in 3 yrs) · DART filing ↗
횡령ㆍ배임혐의발생
🚩 2022-10-27 — Update on embezzlement / breach-of-trust allegation (4× in 3 yrs) · DART filing ↗
횡령ㆍ배임혐의진행사항
🚩 2022-09-26 — Update on embezzlement / breach-of-trust allegation (3× in 3 yrs) · DART filing ↗
횡령ㆍ배임혐의진행사항
🚩 2022-09-21 — Update on embezzlement / breach-of-trust allegation (2× in 3 yrs) · DART filing ↗
횡령ㆍ배임혐의진행사항
🚩 2022-05-25 — Embezzlement / breach-of-trust allegation (1× in 3 yrs) · DART filing ↗
횡령ㆍ배임혐의발생
🚩 2022-03-08 — Disclosure violation designation (6× in 3 yrs) · DART filing ↗
불성실공시법인지정(공시불이행)
🚩 2022-02-15 — Disclosure violation designation warning (5× in 3 yrs) · DART filing ↗
불성실공시법인지정예고(공시불이행)
🚩 2021-11-24 — Disclosure violation designation (4× in 3 yrs) · DART filing ↗
불성실공시법인지정(공시불이행)
🚩 2021-11-05 — Disclosure violation designation warning (3× in 3 yrs) · DART filing ↗
불성실공시법인지정예고(공시불이행)
🚩 2020-12-28 — Disclosure violation designation (2× in 3 yrs) · DART filing ↗
불성실공시법인지정(공시불이행)
🚩 2020-12-07 — Disclosure violation designation warning (1× in 3 yrs) · DART filing ↗
불성실공시법인지정예고(공시불이행)

Financing & capital-structure filingsEQUITY & DEBT ISSUANCE

Last 5 years. Each one links to the original filing.

FILEDEVENTPATTERNORIGINAL TITLE (KOREAN)SOURCE
2022-12-28Third-party share issuance4× in 3 yrs주요사항보고서(유상증자결정)DART filing ↗
2022-12-09Third-party share issuance3× in 3 yrs주요사항보고서(유상증자결정)DART filing ↗
2021-08-24Third-party share issuance2× in 3 yrs주요사항보고서(유상증자결정)DART filing ↗
2021-04-13Convertible bond issuance5× in 3 yrs주요사항보고서(전환사채권발행결정)DART filing ↗
2021-04-13Convertible bond issuance5× in 3 yrs주요사항보고서(전환사채권발행결정)DART filing ↗
2020-03-10Share issuance1× in 3 yrs주요사항보고서(유상증자결정)DART filing ↗
2018-11-12Bond with warrants issuance3× in 3 yrs주요사항보고서(신주인수권부사채권발행결정)DART filing ↗

Common questions

Has Melfas filed potentially dilutive financing in the last five years?

Yes. 4 share issuances, 3 equity-linked bond issuances in the last 5 years of filings. Each one is listed above with a link to the original DART filing.

Why was Melfas delisted?

KRX removed the stock on 2023-07-17 — going concern (management transparency). Its filing record up to that date is preserved above.

Were there public warnings before the delisting?

The filings listed above were public on DART — in Korean — before the delisting; the dates are in the tables.

Does Melfas have convertible or exchangeable bonds outstanding?

It filed 3 equity-linked bond issuances in the last five years. These can create dilution later if holders convert or exercise their rights. The table above shows the instrument type and links to each filing.

Has Melfas been cited for disclosure violations?

There are 6 disclosure violation filings on record in the last five years. Advance notices and final designations are labelled separately above.

Where does this data come from?

Public DART filings — Korea's official corporate disclosure system. This company is no longer listed, so its record is frozen as of the delisting date; every item links to the original document.

Sources. Public DART filings only — every claim links to the original document. Facts, not opinions. Not investment advice.
Rating. Five ratings from LOWEST to HIGHEST RISK, validated against a decade of official KRX delisting outcomes. Rates cited here come from our most recent completed test — see method.
Score. A weighted count of monitored financing and capital-structure filings over the last five years (exact weights proprietary). Validated against a decade of official KRX delisting outcomes (see Rating above).
Coverage. Filings 2011–2026 · all KOSPI/KOSDAQ listed companies · refreshed daily.
Corrections. Believe a filing here is misattributed or misread? Email [email protected] with the item — verified errors are corrected promptly and noted.
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Data: DART — Korea's official corporate disclosure system. Validated against official KRX delisting records. KoreaStockCheck provides source-linked corporate filing data, rule-based filing-risk classifications and historical validation statistics. It does not provide buy, sell or hold recommendations, price targets or personalized investment advice. Every claim links to the original filing. Missing a market, a data field, or a feature? Tell us what you need.
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