Business · Markets · 2 hrs ago
Hanwha M&S shares rise after Kim Dong-sun announces share offer
Hanwha M&S shares rose more than 23% early on Oct.
12 after Kim Dong-sun announced a plan to buy shares in the company.
Kim, a president overseeing future strategy, plans to offer 8,000 won per share from Oct.
12 through Nov.
2.
The offer covers 16.06 million ordinary shares, or 19% of the company’s issued shares.
The offer price is above the previous closing price of 6,110 won, which appears to have helped lift the shares.
If the offer is completed, Kim’s stake would rise from 5.81% to 24.81%.
The combined stake of Kim and related parties would rise from 60.32% to 79.32%.
The company says the offer is intended to strengthen responsible management and support its share price, company value and shareholder value.
Hanwha M&S shares rose more than 23% after Kim Dong-sun announced a tender offer for the company’s shares.
Kim plans to buy 16.06 million common shares at 8,000 won each, equal to 19% of the company’s issued shares.
The offer period runs from October 12 to November 2.
If completed, Kim’s stake would rise from 5.81% to 24.81%.
Hanwha M&S said the offer aims to strengthen responsible management and ultimately increase shareholder value.
- Who
- Kim Dong-sun, Hanwha’s head of future strategy, announced the offer.
- What
- He plans to buy 16.06 million Hanwha M&S common shares at 8,000 won each.
- When
- The offer runs from October 12 to November 2, 2026.
- Where
- Hanwha M&S shares traded on South Korea’s stock market.
- Why
- The company said the offer is intended to strengthen responsible management and increase shareholder value.
This story does not have two clearly opposing sides.
We aim to strengthen responsible management together with Hanwha M&S's largest shareholder and related parties, and ultimately enhance shareholder value by positively affecting the share price and corporate value through the tender offer.
Kim Dong-sun announced a tender offer for Hanwha M&S shares, and the company’s shares rose during early trading.
The tender offer is scheduled to run, with Kim offering 8,000 won per share.
- Offer shares
- 16.06 million common shares
- Offer price
- 8,000 won per share
- Offer period
- October 12–November 2, 2026
- Share of issued stock sought
- 19%
- Kim’s stake if completed
- 24.81%, up from 5.81%
Sources
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