[Featured Stock] Jeju Air Falls Over 6% Amid Speculation of Capital Increase
![[Featured Stock] Jeju Air Falls Over 6% Amid Speculation of Capital Increase](http://www.asiae.co.kr/news/img_view.htm?img=2018022808470751252_1519775229.jpg)
[Asia Economy Reporter Lee Myunghwan] Jeju Air has been showing weakness since the early trading hours on the 19th. This is interpreted as a reaction to the news that the company is planning a rights offering, which was reported the previous day.
As of 9:50 AM, Jeju Air is trading at 15,450 KRW, down 6.65% (1,100 KRW) from the previous trading day.
The previous day, a media outlet reported that AK Holdings, the parent company of Jeju Air, is planning to raise capital worth 100 billion KRW to support Jeju Air's rights offering.
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In response, the Korea Exchange's KOSPI Market Division requested a disclosure inquiry regarding the report on the rights offering. The deadline for the disclosure is 6 PM today.
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