[Special Stock] Mom's Touch Shares Rise 17% on 6,200 KRW Per Share Tender Offer

[Asia Economy Reporter Minji Lee] The KOSDAQ-listed franchise company Mom's Touch is seeing a sharp rise in its stock price after announcing a tender offer for voluntary delisting.

At 9:49 a.m. on the 20th, Mom's Touch was trading at 6,130 KRW, up 17.88% from the previous trading day. The news that the company would conduct a tender offer at 6,200 KRW per share for voluntary delisting attracted investors seeking to make a profit.

According to the Financial Supervisory Service's electronic disclosure on the same day, Mom's Touch's largest shareholder, Korea F&B Holdings, announced it would tender offer 16,087,172 shares (15.8%) of Mom's Touch & Company (Mom's Touch) at 6,200 KRW per share. This price is 19% higher than the previous day's closing price of 5,200 KRW.

Of the total shares subject to the tender offer, 11,798,185 shares (11.59%) will be purchased by the largest shareholder Korea F&B Holdings, and 4,288,987 shares (4.21%) will be purchased by Mom's Touch itself.