[Featured Stock] Daemyung Sono Season Shows 'Strength' Despite Market Plunge Due to Economic Recession Concerns
The stock price of Daemyung Sono Season is on the rise. Despite the market plunge due to concerns over an economic recession, buying momentum has surged amid expectations of a management dispute following the additional acquisition of shares in T'way Air.
![[Featured Stock] Daemyung Sono Season Shows 'Strength' Despite Market Plunge Due to Economic Recession Concerns](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
As of 1:29 PM on the 5th, Daemyung Sono Season is trading at 753 KRW, up 4.58% from the previous day. The stock had also hit the upper limit in the previous trading session.
On the 1st, Daemyung Sono Season announced that it decided to acquire 10% (21,537,898 shares) of T'way Air for 70,859,683,105 KRW.
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As a result, Daemyung Sono Group's stake in T'way Air will increase to 24.9%. The gap with the largest shareholders, T'way Holdings and Yerimdang, who hold 29.74%, has narrowed to about 5%, raising expectations of a management dispute.
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