Stock prices of South Korea ’ s Taihan Electric Wire extended sharp losses Thursday on converns about possible capital reduction due to massive deficits . At 9 : 55 AM , The company ’ s stock price sank nearly 14 % after a 15 % drop in the previous session . Earlier , the power cable maker said its current owner and CEO has abandoned his management right and is considering a creditor - led restructuring program through debt - to - equity conversion and split - off . The company ’ s remaining equity capital is estimated at 41 . 4 billion won ( $ 38 . 4 million ) , down from 262 . 8 billion as of the end of June . [ 매일경제 모바일 서비스 | 페이스북 ] [ 매일 경제 구독 신청 ] [ 오늘 의 매일 경제 ] [ ⓒ Maeil Business Newspaper & mk . co . kr , All rights reserved ]