TAEYOUNG E&C recorded its upper price limit after being removed from management items.
As of 2:14 p.m. on the 20th, TAEYOUNG E&C is being traded at 3,240 won, up 745 won (29.86%) compared to the previous trading day.
TY Holdings, the holding company of Taeyoung Group, also showed a price increase of 380 won (18.05%), reaching 2,485 won at the same time compared to the previous day.
In a public announcement the day before, TAEYOUNG E&C noted that it would be removed from management items as the related reason was resolved with the audit opinion being deemed appropriate under the '2024 fiscal year audit report.'
TAEYOUNG E&C entered a workout due to deteriorating financial conditions in January last year, fell into capital impairment, and had its stock transaction suspended on March 14 of the same year. It was designated as a management item on March 21.
After improving its financial structure, TAEYOUNG E&C resumed its transactions on October 31 of last year, about seven months after the suspension.