⚠️UPDATE DELISTING $HYUD (+0 %) (18. to 19.12.2024)⚠️

Even though it was one of my favorite stocks in the portfolio, I sold my entire position today with a heavy heart...

...The reasons for this are the DELISTING of the share from one day to the next and the continuing uncertainties about the GDR program despite research.

https://www.research-tree.com/newsfeed/article/hyundai-motor-co-notice-of-intention-to-delist-gdrs-2600152

Even though I believed until the last minute that there were still ways to keep my position tradable, I have to realize today that it will no longer be possible.

Last state of affairs:

• No longer tradable via Gettex today!

• still tradable via L&S until 11:00 pm today, delisted as of 7:00 am tomorrow !

• via Traderepublic still tradable until 22:00 today, delisted as of 8:00 tomorrow !

Since I run via Smartbroke+ my hope was still on Baader OTC...

Over-the-counter or OTC trading refers to trades that are not carried out on a traditional stock exchange, i.e. over the counter. Most OTC trades take place between two parties and are processed via a dealer network.

...but there has been no qualified statement from Baader Bank to date, which is why I ultimately liquidated my position.

This means from tomorrow 7:00 or 8:00 am (CET):

• Any existing securities account positions can therefore no longer be traded regularly or as usual.

• All positions have a transitional period until 06/2025, by which time they can be exchanged for original shares at a ratio of 2:1. $005380 but so far there is no provider with KRX approval (possibly Interactive Brokers).

• Otherwise the shares will be booked out or withdrawn in June 2025, depending on the price.

Conclusion:

Hyundai remains one of my favorites in the automotive sector, even though Hyundai is much more than that, but the chapter of my favorite stock has closed for the time being and I am now looking forward to the upcoming spin-off of Boston Dynamics (approx. 06/2025) to the Nasdaq.