◀ Anchor ▶
The stock price of’Lee Hang’, a Chinese drone company listed on NASDAQ, plunged more than 60% last night.
After sleeping overnight, 4,7 trillion won evaporated.
Domestic investors are also a company that invested 500 billion won intensively, so there is a concern about great damage.
Kim Min-chan is waiting on the report.
◀ Report ▶
In November of last year, the government and the Seoul Metropolitan Government launched a drone taxi on the Han River.
A two-seater drone loaded with four 20-kilogram rice bags and flew for 7 minutes.
[이랑/국토교통부 미래드론담당관]
“It’s not just a flight. To do this, various governments have verified safety.”
The maker of this drone taxi is a Chinese company Lee Hang.
After Lee Hang was listed on the NASDAQ in 2019, it became an aerospace theme stock, and the stock price surged 6 times this year alone.
But last night, the stock price of Lee Hang plunged 62%.
Overnight, 4.4 trillion won evaporated.
This was caused by a 33-page short selling report from US investment firm Wolffax Research.
Shanghai Kunxiang, a customer who signed a large-scale contract with Lee Hang for $65 million.
Turns out, the company was founded only nine days before the signing of the contract.
When I went to the address, the report pointed out that it was a weird hotel, or it was the 13th floor of an 11-story building.
Wolfpack also visited Lee Hang headquarters in person.
It is said that there are only buildings like warehouses and no production facilities.
[염승환/이베스트투자증권]
“In conclusion, there is no substance. I went on a tour, but there seems to be no proper drone taxi and I can’t see the working staff.”
Wolfpack released a report to make big money by dropping the stock price through short selling.
Lee Hang’s side countered that the report was stupid, but the stock price plummeted.
The problem is domestic investors.
The stocks of Leehang that Seohak ants bought this year are 500 billion won.
After Tesla, Gamestop, and Apple, it ranks fifth in overseas stocks.
This is not the first time this has happened.
The stock price of’GameStop’, where the short selling war broke out, fell to a tenth in just three weeks.
China’s Starbucks Ruising Coffee was also delisted from NASDAQ last year in a short sale report.
[김학균/신영증권 리서치센터장]
“In China, there will be risks arising from the political system, and in individual companies, there may be accounting transparency…”
Overseas stock investment fever in Korea.
The less accessible information can be, the more risky it can be.
This is Min-Chan Kim of MBC News.
(Video editing: Byun Seoha)
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