PROTEC invests 21 billion KRW to secure 51.6% stake in subsidiary PMT, concerns over value dilution due to weak financials
Situation: PROTEC is participating in a rights offering of its subsidiary PMT, investing approximately 21.06 billion KRW to increase its stake from 47.87% to 51.6%.
Purpose: To strengthen control over the subsidiary.
Risk: PMT reported a net loss of 22.48 billion KRW in 2025, and the acquisition price exceeds book value, raising concerns about value dilution for PROTEC shareholders.
[AI Summary]PROTEC's decision to inject capital into a loss-making subsidiary at a premium may strain financial efficiency in the short term, but the move aims to secure operational stability through majority control.
KOSDAQ Filing Information
Decision on Acquisition of Stocks and Investment Securities of Other Corporations