The largest shareholder of SMEC, a company specializing in machine tools and robotic automation solutions, has changed back to Choi Young-seob from SNT Holdings and another individual. This occurred just two days after SNT Holdings became the largest shareholder.
According to the Financial Supervisory Service's electronic disclosure system (Dart) on the 27th, SMEC disclosed that the largest shareholder has changed back to Choi Young-seob from SNT Holdings and another individual.
The equity stake of the largest shareholder Choi Young-seob is 9.75%, and that of the second-largest shareholder SNT Holdings and another individual (Choi Pyeong-kyu) is 8.67%. The company explained that the change in the largest shareholder occurred due to participation in a rights offering after the allocation of shares, completing the payment.
On the same day, SMEC also disclosed that the largest shareholder Choi Young-seob had entered into a collateral agreement for 3.68 million shares, which would accompany the change in the largest shareholder on April 28th. The amount set as collateral is 5.8 billion won. If all collateral is executed, the equity stake will decrease from 9.75% to 4.34%, and the largest shareholder will change to SNT Holdings and another individual.
Earlier, SMEC disclosed on the 25th that the largest shareholder had changed from the existing Choi Young-seob to SNT Holdings and another individual. SMEC finished trading at the upper limit that day.