[Special Stock] T'way Holdings and Airlines, Year-End Air Travel Demand + Second Largest Shareholder IPO Boost Stock Price Up

T'way Holdings, which owns T'way Air as a subsidiary, is showing a significant rise in its stock price on the stock market on the 6th. Expectations for improved performance due to increased year-end air travel demand, along with the initial public offering (IPO) of Sono International, the second-largest shareholder of T'way Air, have led to forecasts that Daemyung Sono Group will seek to acquire additional shares of T'way Air.

As of 9:45 a.m. on the day, T'way Holdings was trading at 699 won, up 14.03% from the previous day's closing price. The stock price surged sharply from the start of trading, reaching as high as 772 won before giving back some of the gains.

Recently, airline stocks have shown strong momentum in the stock market due to expectations of increased air travel demand toward the end of the year. On this day as well, T'way Air recorded a rise of over 6%, while Jin Air showed an increase of around the mid-3% range.

Amid this, Sono International of Daemyung Sono Group is proceeding with an IPO, raising expectations for additional acquisition of T'way Air shares. Daemyung Sono Group has recently purchased T'way Air shares consecutively and currently holds a total of 26.77% stake. Sono International, an affiliate of Daemyung Sono Group, holds 16.77%, and Daemyung Sono Season holds 10% of the shares.

The existing major shareholders, including T'way Holdings and Yerimdang, who are special related parties, hold about 30% of the shares.