Business · Companies · 2 hrs ago
iFamilySC shares hit limit-up after reported Marubeni tender offer
Japan’s Marubeni plans a tender offer for iFamilySC, a South Korean cosmetics company listed on the KOSDAQ market.
The reported plan is to buy up to 28% of the company’s shares through a special-purpose company controlled by Marubeni.
The offer price was reported at about 12,000 won per share.
At 9:18 a.m.
on October 23, iFamilySC shares had risen 29.93% to 10,940 won, the daily upper limit.
The share price was still below the reported offer price, which was seen as drawing buyers.
The report did not say when the offer would begin or give further details about what happens next.
iFamilySC shares hit the daily limit-up after reports that Japan’s Marubeni plans a large tender offer for the company’s shares.
At 9:18 a.m. on October 23, the shares were up 29.93% at 10,940 won on the KOSDAQ.
The reported offer would seek to buy up to about 28% of iFamilySC at around 12,000 won per share.
The reported tender offer is being made through Wellient and other entities, with Wellient wholly controlled by Marubeni.
- Who
- iFamilySC, a cosmetics company led by CEO Kim Tae-wook, and Japan’s Marubeni.
- What
- iFamilySC shares rose to the daily limit-up after reports of a Marubeni-backed tender offer. The reported offer would seek up to about 28% of the company’s shares.
- When
- October 23, 2026. The shares were up 29.93% at 9:18 a.m.
- Where
- The KOSDAQ market in South Korea.
- Why
- Reports said Marubeni would offer about 12,000 won per share, above the share price at the time, prompting buying interest.
This story does not have two clearly opposing sides.
Reports said Marubeni would seek to buy up to about 28% of iFamilySC through Wellient and other entities.
iFamilySC shares were up 29.93% at 10,940 won on the KOSDAQ.
- Share price
- 10,940 won at 9:18 a.m. on October 23
- Share-price rise
- 29.93%, or 2,520 won
- Reported offer price
- About 12,000 won per share
- Target stake
- Up to about 28%
- Buyer vehicle
- Wellient and other entities; Wellient is wholly controlled by Marubeni