Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

SNT Group - Formalizes a Hostile Takeover of SMEC

SMEC (099440 KS) Pops As SNT Shifts Its Intent

Regarding the Six KRX Sector Names that Ran Ahead of Friday’s Official Review Drop

Primer: Smec Co Ltd (099440 KS) - Nov 2025

Douglas Research Advisory

Event-Driven

<ul>
<li>SNT Holdings (036530 KS) is issuing convertible bonds (CB) and exchangeable bonds (EB) totalling 148 billion won to improve its financial structure and secure funds for new business investments. </li>
<li>The investor in this CB and EB is IMM Credit &amp; Solution (ICS), which will acquire the entire amount through a private placement.</li>
<li><em><strong>This additional capital raise could result in S&amp;T Holdings potentially increasing its stake in Smec Co Ltd (099440 KS). </strong></em></li>
</ul>


SNT Holdings (036530 KS) is issuing convertible bonds (CB) and exchangeable bonds (EB) totalling 148 billion won to improve its financial structure and secure funds for new business investments. 
The investor in this CB and EB is IMM Credit &amp; Solution (ICS), which will acquire the entire amount through a private placement.
This additional capital raise could result in S&amp;T Holdings potentially increasing its stake in Smec Co Ltd (099440 KS). 


SNT Holdings: Issuing CB and EB Totalling 148 Billion Won