Samyung ENC Under Rehabilitation Signs 10 Billion Won M&A Investment Contract - 100% Capital Increase Acquisition by Hive Ocean
On May 20, 2026, with approval from the Busan Rehabilitation Court, Samyung ENC signed an M&A investment contract with Hive Ocean
Acquisition amount of 10 billion won for 100% equity via capital increase; deposit of 1 billion won already paid
Hive Ocean selected as preferred bidder after rehabilitation proceedings; rehabilitation plan to be submitted to court by June 10, 2026
Existing shareholders' equity expected to be massively diluted, effectively wiped out due to the capital increase
KOSDAQ Filing Information
Filing: Major Management Matters Related to Investment Decision (Conclusion of Investment Contract for M&A of Rehabilitation Company Samyoung E&C Co., Ltd.)