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
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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.)
- Company: Samyung ENC (065570)
- Submission: Samyung ENC Co., Ltd.
- Receipt: 05-20-2026
- Under KRX KOSDAQ Market Division