(Photo=T'way Air)

 

[Alpha Biz= Reporter Kim Jisun] Sono International, a hotel and resort operator affiliated with the Daemyung Sono Group, is set to become the second-largest shareholder of T'way Air.

T'way Air announced on the 1st that its second-largest shareholder, W Value Up Limited, sold 32,091,467 shares (14.9%) of T'way Air to Sono International through an over-the-counter transaction. The selling price was 3,290 KRW per share, totaling approximately 105.6 billion KRW. W Value Up Limited is an investment purpose company established by private equity firm JKL Partners and held 26.77% of T'way Air's shares.

With this transaction, Sono International becomes the second-largest shareholder of T'way Air. Additionally, Sono International has the right to purchase W Value Up Limited's remaining shares of 25,572,742 shares (11.87%). If Sono International secures these additional shares, it will surpass Yerimdang, the current parent company of T'way Air, to become the largest shareholder.

 

 

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