S-Form launches tender offer for 8.16% of SAMMOK S-FORM at 22,800 won per share, totaling 27.3 billion won
S-Form announced a tender offer to acquire 1.2 million common shares (8.16% of total outstanding) of SAMMOK S-FORM at 22,800 won per share. Maximum consideration is 27.36 billion won, fully funded by internal cash and already deposited at NH Investment & Securities.
Purpose: strengthen management control, enhance decision-making efficiency, and improve business competitiveness. Post-offer, S-Form and its special relations' stake will rise from 69.47% to 77.63%.
Offer price represents a 31.0% premium over the previous day's closing price (17,400 won) and a 26.3% premium over the 1-month volume-weighted average price (18,051 won).
Tender period: May 18 to June 8, 2026; settlement date: June 10, 2026. The tender agent is NH Investment & Securities.
SAMMOK S-FORM's recent financial performance deteriorated: 2025 consolidated revenue declined 21% YoY to 317 billion won, operating profit plunged to 6.4 billion won from 75.3 billion won, net income fell to 10.2 billion won from 73.4 billion won. Q1 2026 reported an operating loss of 6.1 billion won.