Capital injection of EUR 5M to strengthen European subsidiary
SungEel HiTech decided to invest EUR 5M (approx. KRW 8.68B) in its European subsidiary SUNGEEL HITECH EUROPE kft. to improve its capital structure, representing 5.63% of equity.
The subsidiary remains 100% owned; the purpose is to facilitate capital support for the sub-subsidiary.
SUNGEEL HITECH EUROPE kft. as of FY2025: total assets KRW 28.22B, liabilities KRW 2.08B, equity KRW 26.14B. Net loss of KRW 0.97B, continuing losses.
Investment amount translated at exchange rate of EUR 1 = KRW 1,735.86 (board resolution date).
Expected acquisition date: June 5, 2026 (subject to change per local schedule).
KOSDAQ Filing Information
Filing: Decision on Acquisition of Stocks and Investment Securities of Other Corporations