[Asia Economy Reporter Jang Hyowon] Ostem Implant is showing a sharp rise following news that private equity funds will conduct a tender offer at 190,000 KRW per share.
As of 9:12 AM on the 25th, Ostem Implant is trading at 187,100 KRW, up 15.2% compared to the previous day.
On the 25th, Ostem Implant announced that a special purpose company (SPC) named Dentistry Investment Co., Ltd., established by private equity firms UCK and MBK Partners (hereinafter the UCK consortium) for investment purposes, will conduct a tender offer in the KOSPI market to acquire Ostem Implant shares. The tender offer price is 190,000 KRW per share.
UCK, founded in 2012, is a domestic private equity firm managing blind funds invested by major domestic institutional investors such as the National Pension Service and the Teachers' Pension. If the tender offer succeeds, the UCK consortium will become the largest shareholder of the company, while Chairman Choi Kyu-ok will remain the second-largest shareholder with a 9.6% stake.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
