Seah Holdings to Tender Offer 187,000 Shares (4.41%) at 160,000 Won for Cancellation

Seah Holdings announced a tender offer to acquire and cancel up to 187,000 shares (4.41% of total outstanding) at 160,000 won per share.
The tender price represents a 10.88% premium over the closing price of 144,300 won on the day before the board resolution.
Tender period: May 20, 2026 to June 8, 2026; settlement date: June 10, 2026.
Total tender consideration of 29.92 billion won is funded by the company's own capital and fully deposited with NH Investment & Securities.
All acquired shares are planned to be retired through profit cancellation, though specific timing is undecided.
The tender is open to minority shareholders; the largest shareholder and related parties hold 76.08% and are not participating.
Previously, on April 17, 2026, the company retired 71,000 shares (1.65%) through profit cancellation.