[Special Stock] 'Concerns Raised Over Ssangyong Motor Acquisition Funding'... Ssangbangwool Group Stocks Fall Together by Over 20%

[Asia Economy Reporter Lee Myunghwan] Stocks related to Ssangbangwool Group, which had expressed intentions to acquire Ssangyong Motor, are collectively declining in early trading on the 5th. This is presumed to reflect concerns over the financing of the Ssangyong Motor acquisition.

As of 9:30 AM, Nanos is trading at 4,955 KRW, down 24.92% (1,645 KRW) from the previous trading day. At the same time, affiliates such as Mirae Industry (-21.15%), Vivian (-23.62%), and IOK (-23.74%) are also experiencing declines in the 20% range. Ssangbangwool is trading at 1,265 KRW, down 3.44% (45 KRW) compared to the previous day.

KH Philux (-19.44%) and KH Electron (-16.59%), part of KH Group which is reportedly considering participation in Ssangbangwool Group’s Ssangyong Motor acquisition consortium, are also showing significant declines.

On the 1st, Ssangbangwool Group announced that it is reviewing the acquisition of Ssangyong Motor to strengthen business competitiveness and enhance corporate value. However, considering acquisition costs and operating funds exceeding 300 billion KRW, the total acquisition amount is expected to surpass 1 trillion KRW, leading some to question the actual feasibility of Ssangbangwool’s acquisition.