Korea Electric Terminal acquires 100% stake in subsidiary KTI International for 38.28 billion won… expected to remove internal transaction uncertainty and enhance shareholder value
Korea Electric Terminal decided to acquire 100% of the shares of its subsidiary KTI International for 38.28 billion won, based on an external valuation of 382,779 won per share.
The purpose is to remove uncertainty in internal transactions and increase shareholder value by incorporating the newly established subsidiary as a wholly owned subsidiary, thereby enhancing corporate value.
The acquisition amount is 3.29% of equity capital of 1.16 trillion won, indicating a manageable financial burden, and will be paid in cash.
[AI Summary]This acquisition of subsidiary shares is a cash transaction without issuing new shares, resulting in no dilution of existing shareholder value. It is expected to positively impact mid-to-long-term corporate value by improving internal transaction stability and operational efficiency.
KOSPI Filing Information
Filing: Decision on Acquisition of Stocks and Investment Securities of Other Corporations (Voluntary Disclosure)