SNT, Chairman Take Over as SMEC's Largest Shareholder

MT Newswires Live

06/25

South Korean automobile parts maker SNT Holdings (KRX:036530) and its chairman Choi Pyeong-gyu became the largest shareholders of machine tools manufacturer SMEC (KOSDAQ:099440) after an over-the-counter purchase.

SNT Holdings holds a 7.68% shareholding in SMEC while Choi holds 3.37%, effective Tuesday, June 24, SMEC said in a filing with Korea Exchange on Wednesday.

Shares of SMEC jumped nearly 30% at market close on Wednesday.

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