SNT Group - Formalizes a Hostile Takeover of SMEC

501 Views25 Nov 2025 07:18

On 24 November, the SNT Group formalized its hostile takeover of Smec. S&T Holdings disclosed that it acquired an additional 5.46% stake in SMEC, raising its stake to 13.65%.

What is covered in the Full Insight:

Introduction to the Hostile Takeover
Implications of SNT Group's Increased Stake in SMEC
Market Reaction and Share Price Surge
Financial Performance and Challenges
Future Expansion Plans and Strategic Initiatives

Boomeranged on Wed, 3 Dec 2025 02:11

On 2 December, it was announced that Smec Co Ltd (099440 KS)'s CEO Choi Young-seop purchased a total of 0.68mn shares (0.99% stake) in SMEC, increasing his stake from 9.75% to 10.74%. Furthermore, Choi's siblings, Choi Yoon-hee and Kwon Oh-hyuk, SMEC's Vice President, also purchased 0.53% (0.36mn shares) and 0.59% (0.4mn shares), respectively. [See discussion section for further details].