[Featured Stock] T'way Air Shares Soar 24% Amid Management Dispute
Shares related to T'way Air, including T'way Holdings, are showing strong performance. This appears to be driven by positive developments in the management rights dispute with Daemyung Sono Group.
As of 9:46 AM on the 21st, T'way Holdings' stock price rose 24.14% from the previous day to 972 KRW. T'way Air also increased by 8.97% during the same period, reaching 3,340 KRW.
The news that the dispute over T'way Air's management rights has intensified seems to have influenced the market. Recently, Daemyung Sono Group reportedly sent a management improvement request to T'way Air, demanding the resignation of the current management and raising funds through a rights offering. Daemyung Sono holds a 26.77% stake in T'way Air, making it the second-largest shareholder. The combined stake of the largest shareholder T'way Holdings and Yerimdang is 30.07%, with a narrow gap of only 2.3 percentage points.
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Accordingly, Daemyung Sono Season's stock price also rose 3.93% from the previous day to 11,350 KRW.
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