Taeyoung Construction Resumes Trading After About 7 Months From Today

The stock trading of Taeyoung Construction Co., which is working on improving its corporate structure, will resume in about seven months.

Taeyoung Engineering & Construction announced that the suspension of trading will be lifted from today (31st) due to the decision to resume trading in the substantive examination of eligibility for listing on the Korea Exchange.

Earlier, Taeyoung Engineering & Construction fell into capital erosion in the process of applying for corporate restructuring late last year and was suspended from trading shares in the securities market on March 13 due to "refusal of opinion" in the audit of financial statements for the 2023 business year.

Since then, Taeyoung Engineering & Construction has improved its financial structure through corporate restructuring, escaping from capital erosion as of the end of the second quarter.

Through the resumption of the deal, Taeyoung Construction plans to restore investor and market confidence and accelerate the normalization of its management.

An official from Taeyoung Construction said that the maintenance of the listing is expected to serve as a positive opportunity for restoring customer confidence and increasing brand value, giving a great boost to management normalization.