[Market Focus] Shinsegae Food Jumps 19% on Voluntary Delisting Plan

Shares of Shinsegae Food are surging following news of its voluntary delisting plan.

As of 9:07 a.m. on December 15, 2025, Shinsegae Food was trading at 47,800 won, up 7,700 won (19.20%) from the previous session. During intraday trading, the stock climbed to 47,950 won, setting a new 52-week high.

On this day, Emart announced in a regulatory filing that it will conduct a tender offer for Shinsegae Food shares. The tender offer price is set at 48,120 won per share.

Regarding the purpose of the tender offer, Emart stated, "Through the tender offer, we intend to acquire all outstanding shares of the target company, incorporate the target company as a wholly owned subsidiary of the tender offeror, and subsequently pursue the delisting of the target company's shares through procedures and methods permitted by applicable laws and regulations."

Emart is the largest shareholder of Shinsegae Food, holding a 55.47% stake. The company plans to acquire all 1,467,319 common shares in circulation, excluding Shinsegae Food's treasury shares. The tender offer period runs from today until January 5 of the following year.