Tway Holdings plunges 14.68% after trading resumes under administrative issue designation

  • Tway Holdings resumed trading after the Korea Exchange imposed an administrative issue designation.
  • 18.06%: Tway Holdings fell to 871 won at 9:48 a.m. on the 21st.
  • The exchange suspended trading after 30 consecutive sessions below the 30 billion won threshold.

Tway Holdings fell 18.06% to 871 won at 9:48 a.m. on the 21st after trading resumed under an administrative issue designation, before narrowing its loss to 14.68% at 907 won by 10:25 a.m. The stock opened at 958 won, reached a high of 995 won and fell as low as 830 won, remaining below the 1,063 won reference price. The Korea Exchange had suspended trading after Tway Holdings failed to meet the 30 billion won, or approximately $21.7 million, KOSPI market-capitalization requirement for 30 consecutive trading days. Investor sentiment was also pressured by a 59.62896 billion won debt guarantee tied to an affiliate's foreign-currency credit facility, equal to 63.32% of Tway Holdings' equity. Existing topic information identifies the affiliate as Trinity Airways, while the latest report names it Trinity Aviation; the guarantee runs through June 30 of next year. Investors are watching whether Tway Holdings can restore the market-capitalization requirement and manage the potential financial burden.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.