Tway Holdings reduces share count by 80% via 5:1 free reduction to improve financial structure by covering deficits

Tway Holdings passed a 5:1 free reduction resolution at a temporary shareholders' meeting on June 19, 2026. The measure reduces the number of shares from 113,163,494 to 22,632,699, an 80% reduction, to offset accumulated deficits and improve the financial structure.
The record date for the reduction is July 3, 2026, and the new shares are expected to be listed on July 24, 2026. The share price should theoretically increase fivefold, but short-term volatility is expected.
No shareholder return policies such as treasury stock acquisition, cancellation, or dividends were included in this disclosure. Tway Holdings provides a 9.39 billion KRW guarantee to its affiliate Trinity Air, equivalent to 18.65% of its 2025 standalone revenue.
[AI Summary]Tway Holdings' 80% free reduction is a defensive measure to cover deficits; while the share count will shrink to one-fifth, the per-share value is expected to rise proportionally. The financial structure improvement is positive, but risks from the sluggish construction sector and affiliate guarantees remain. Investors should be cautious of short-term price volatility.