[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.
Hot Picks Today
"Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- "Striking Will Lead to Regret": Hyundai-Kia Employees Speak Out... Uneasy Stares Toward Samsung Union
- Man in His 40s Who Kept Girlfriend's Body for a Year After Murder Sentenced to 30 Years in Prison Again on Appeal
- "If You Booked This Month, You Almost Lost Out... Why You Should Wait Until 'This Day' Before Paying for Flight Tickets"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
Accordingly, Daemyung Sono Season's stock price also rose 3.93% from the previous day to 11,350 KRW.
![[Featured Stock] T'way Air Shares Soar 24% Amid Management Dispute](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
