[Featured Stock] Taeyoung Construction Resumes Trading After 7 Months, Up 14%

Taeyoung Construction, which resumed trading after 7 months, is soaring in the early session on the 31st.

According to the Korea Exchange, as of 9:26 a.m. on this day, Taeyoung Construction is trading at 5,400 KRW, up 14.89% (700 KRW) from the previous trading day.

The Korea Exchange announced that it held a corporate review committee meeting the day before and decided to lift the suspension of trading for Taeyoung Construction starting from the 31st. This comes about 7 months after trading was suspended at 2,310 KRW on March 14.

Taeyoung Construction fell into a state of capital erosion with a consolidated total capital of negative 561.7 billion KRW during the workout application process at the end of last year. As a result, it received a "disclaimer of opinion" on the audit of the 2023 fiscal year financial statements, leading to the suspension of stock trading.

On the 27th of last month, Taeyoung Construction received an "unqualified" opinion on the 2023 audit report through a re-audit.