[Special Stock] TY Holdings Soars on News of Delisting from Management Designation

TY Holdings, which has been removed from the watchlist, is surging.

As of 9:24 AM on the 28th, TY Holdings is trading at 4,045 KRW, up 19.29% (655 KRW) from the previous trading day. TY Holdings Preferred is trading at 5,940 KRW, up 29.84% (1,365 KRW).

Earlier, the Korea Exchange announced after the market closed on the 25th that TY Holdings and TY Holdings Preferred would be removed from the watchlist. This is because the 2023 fiscal year re-audit report submitted by TY Holdings received an unqualified audit opinion. TY Holdings was designated as a watchlist stock in April.

TY Holdings owns Taeyoung Construction as a subsidiary. Taeyoung Construction is currently undergoing a workout (corporate restructuring process).