SM Steel and Related Parties File Large Shareholding Report for Management Influence
SM Steel Co., Ltd. and its special relations (Samra Midas Co., Ltd., Dong-Ah Construction Industrial Co., Ltd., SM Shipping Co., Ltd., SM Asset Development Co., Ltd.) filed a large shareholding report with the purpose of influencing management.
No specific changes in number of shares or ownership ratios were disclosed in the report.
Reporter SM Steel: Assets 355.9 billion KRW, Capital 187.4 billion KRW, largest shareholder Samra Midas (56.64%).
Special relation Samra Midas: Assets 305.4 billion KRW, Capital 277.9 billion KRW, largest shareholder Samra Midas (41.35%).
Special relation Dong-Ah Construction: Assets 37.6 billion KRW, Capital 22.1 billion KRW, largest shareholder Woo Oh-hyun (74.01%).
Special relation SM Shipping: Assets 19.0 billion KRW, Capital 17.8 billion KRW, largest shareholder SM Hiplus Co., Ltd. (32.25%).
Special relation SM Asset Development: Assets 103.1 billion KRW, Capital 44.7 billion KRW, largest shareholder SM Steel (54.41%).
The filing indicates intent to participate in management through voting rights, but specific plans are undisclosed.