SNT Holdings: Issuing CB and EB Totalling 148 Billion Won

• SNT Holdings (036530 KS) is issuing convertible bonds (CB) and exchangeable bonds (EB) totalling 148 billion won to improve its financial structure and secure funds for new business investments.

• The investor in this CB and EB is IMM Credit & Solution (ICS), which will acquire the entire amount through a private placement.

• This additional capital raise could result in S&T Holdings potentially increasing its stake in Smec Co Ltd (099440 KS).