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Daemyung Sono Group: Close to Acquiring the Controlling Stake in T'Way Air
703 Views17 Feb 2025 10:02
After the market close on 17 February, it was announced that the Daemyung Sono Group is close to acquiring the controlling stake in T'Way Air (091810 KS) from Yelimdang.
What is covered in the Full Insight:
- Introduction to Daemyung Sono Group's Acquisition
- Stake Details and Purchase Price Insights
- Near-Term Impact on Share Prices
- Long-Term Impact and Capital Infusion
- Comparative Valuations and Industry Impact
Boomeranged on Wed, 26 Feb 2025 11:44
Daemyung Sono Group announced that it signed a stock purchase agreement to acquire a 46.26% stake in T'way Holdings held by Yearimdang Publishing (036000 KS), the largest shareholder of T'way Air (including special related parties), for 250 billion won. The stock delivery date is March 31st. This is positive for Yearimdang but not positive for minority shareholders of T'Way Holdings/T'Way Air.
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- Initial Thoughts on the Sono International IPO22 Apr 2025
- StubWorld: Daemyung Sono Takes Control Of T'Way Holdings (004870 KS)27 Feb 2025
- Daemyung Sono Group May Wage a Public Opinion War for T'Way Air03 Feb 2025
- A Hostile M&A Fight for T'Way Air20 Jan 2025
- T'Way Air: Increasing Possibility of an M&A Fight Between Yearimdang and Daemyung Sono Group10 Oct 2024
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