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Hansol Holdings |
[Alpha Biz= Paul Lee] Hansol Holdings, the holding company of the Hansol Group, which is part of the Samsung-affiliated family, has launched a tender offer to acquire the remaining 54% of shares in its subsidiary, Hansol PNS, with the aim of voluntarily delisting the company.
According to investment banking (IB) sources on Friday, Hansol Holdings is set to conduct a tender offer for 11,052,677 shares (53.93%) of Hansol PNS.
The tender offer price has been set at 1,900 won per share, which is 58.5% higher than the closing price of 1,199 won on the 28th. Based on this price, the total value of the tender offer will be approximately 21 billion won.
The tender offer period will run from March 31 to April 30, lasting 31 days. NH Investment & Securities is expected to manage the tender offer.
If the tender offer is successful, Hansol Holdings' stake in Hansol PNS will increase from the current 46.07% to 100%.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
