The stock price of SMEC, a company specializing in machine tools and robot automation solutions, is strong.
According to the Korea Exchange on the 25th, as of 9:31 a.m. that day, SMEC is trading at 3,350 won, up 770 won (29.84%) from the previous trading day. This is a limit increase.
SMEC announced that the largest shareholder has changed from Choi Young-seop to SNT Holdings and one other person. The number of shares owned is 4,445,071, and the equity ratio is 11.05%. The acquisition of equity was made through on-market purchases, and the purpose is simple investment.
Additionally, SMEC's move to acquire HYUNDAI WIA's machine tool division is interpreted as positively affecting investor sentiment. Previously, SMEC and the Rilson PE consortium signed a stock purchase agreement to acquire HYUNDAI WIA's machine tool division for 340 billion won.
Rilson PE and SMEC are each responsible for 221.7 billion won and 118.3 billion won, respectively, securing a structure of 65.2% and 34.8% of the equity. Among these, SMEC plans to bear 53.9 billion won for the capital increase, 20 billion won for the deposit, 9.4 billion won in cash, and 35 billion won in acquisition financing. Payment for the acquisition of HYUNDAI WIA's machine tool division is scheduled to be made at the end of June.