Photo courtesy of T’way Air

 

 

[Alpha Biz= Kim Jisun] T’way Air has officially announced a large-scale capital increase plan worth KRW 200 billion to enhance its financial stability, with a strong emphasis on protecting minority shareholders by issuing new shares without a discount.



On August 7, T’way Air’s board of directors approved three key measures:

A KRW 110 billion third-party paid-in capital increase,

A capital reduction without compensation, and

The issuance of perpetual bonds.



DaeMyung Sono Group will participate in the third-party rights offering by investing KRW 110 billion at market value — without the typical discount of up to 10% seen in such offerings. This move is intended to prevent dilution of existing shareholders' equity, especially for minority shareholders.



T’way will also conduct a capital reduction by lowering the par value of common shares from KRW 500 to KRW 100 per share. This non-compensatory capital reduction aims to reduce paid-in capital and improve the company’s capital adequacy ratio.

 

 

 

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