Business · Markets · 16 hrs ago
Kim Dong-seon to buy another 4% of Hanwha M&S shares
Hanwha M&S executive Kim Dong-seon is making a second offer to buy shares in the South Korean company.
He will offer 8,000 won per share for up to 3.38 million ordinary shares, about 4% of the total.
The offer runs through Nov.
30 and follows a first share-buying effort that ended earlier this month.
That first offer made Kim the company’s largest shareholder, with 32.99% of its ordinary shares.
Kim said the new offer is intended to strengthen his management role and raise shareholder value, while also giving small investors another chance to sell after a market decline.
If the full amount is bought, his stake will rise to 36.99%, and holdings including related parties will reach 79.51%.
If investors offer fewer shares than the limit, all will be bought; if they offer more, purchases will be allocated proportionally, with settlement due Dec.
2.
Hanwha M&S shares rose after Kim Dong-seon announced a second tender offer for the company’s common shares.
At 9:10 a.m. on Nov. 9, Hanwha M&S shares were up 9.29% at 7,650 won.
Kim plans to buy 3.38 million shares at 8,000 won each, for about 27 billion won.
The offer runs from Nov. 9 through Nov. 30, following a first tender offer that fell short of its target.
If the second offer is completed as planned, Kim and his related parties will hold 79.51% of the company’s common shares.
- Who
- Kim Dong-seon, Hanwha M&S’s president in charge of future strategy.
- What
- He announced a second tender offer for 3.38 million Hanwha M&S common shares.
- When
- The offer runs from Nov. 9 through Nov. 30, 2026.
- Where
- Hanwha M&S, a company listed on South Korea’s KOSPI market.
- Why
- Kim said the offer would strengthen responsible management, increase shareholder value and give minority shareholders another chance to sell.
This story does not have two clearly opposing sides.
Kim’s first tender offer bought 22,975,541 common shares, below its target of 26,203,000.
Kim announced a second tender offer for 3.38 million shares, to run through Nov. 30.
Hanwha M&S shares were trading 9.29% higher at 7,650 won.
- Second offer
- 3.38 million common shares
- Offer price
- 8,000 won per share
- Estimated offer value
- About 27 billion won
- Offer period
- Nov. 9–30, 2026
- First offer purchases
- 22,975,541 shares
- Projected stake after second offer
- Kim and related parties: 79.51% of common shares
5 sources
What people are saying
We judged that additional measures were needed because concerns about harm to minority shareholders remained as the share price continued to fluctuate amid external factors, even though the large-scale tender offer at the beginning of this month partly eased shareholder concerns and supported the share price.
We will continue to review various measures to build market confidence and increase shareholder value.