[Featured Stock] Taeyoung Construction Hits Upper Limit Ahead of Creditors' Briefing
The stock price of Taeyoung Construction is strong on the 3rd, ahead of the creditors' briefing session related to the workout (corporate financial restructuring) application.
As of 11:48 AM on this day, Taeyoung Construction is trading at 3,405 KRW per share, up 785 KRW (29.96%) compared to the previous day. The holding company TY Holdings (21.45%) and its affiliate SBS (6.10%) are also on the rise.
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At 3 PM on this day, the main creditor bank of Taeyoung Construction, the Korea Development Bank, plans to hold a briefing session at its headquarters for about 400 creditors. At this meeting, explanations regarding the agenda of the first creditors' meeting scheduled for the 11th will be provided. Details related to Taeyoung Construction's self-rescue plan are also expected to be disclosed to some extent.
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