T'way Holdings Acquires Additional T'way Air Shares for 33.7 Billion KRW

[Asia Economy Reporter Song Seung-yoon] T'way Holdings, a KOSPI-listed company, announced on the 10th that it will additionally acquire 21,085,419 shares of T'way Air, a domestic and international air transportation company, for approximately 33.7 billion KRW.

After the acquisition, T'way Holdings' stake in T'way Air will be 52.7%. The scheduled date for the stock acquisition is November 13 of this year.

T'way Holdings stated that the purpose of this stock acquisition is "to maintain the company's corporate value and control, among others."