[Alpha Biz=(Chicago) Reporter Paul Lee] It was found that Shinhan Bank and Shinhan Investment & Securities made hundreds of millions of won in profits by participating in a tender offer by domestic private equity fund management company Hahn & Company to acquire Lutronic, a company specializing in laser medical devices.

However, Shinhan Bank and Shinhan Investment & Securities purchased shares at a high price immediately after the tender offer was announced, and although they responded to the second tender offer instead of the first tender offer, the fact that the tender offer price was the same both times made it less than expected. evaluation is also available.

On the 18th, Shinhan Bank and Shinhan Investment & Securities announced that they had applied for a tender offer for their respective shares in Lutronic. Shinhan Bank responded to the tender offer for 333,000 shares and Shinhan Investment & Securities for 1,012,379 shares.

Earlier, on June 9, Shinhan Bank secured 333,000 shares of Lutronic at 36,148 through a market purchase. On this day, Hahn & Company announced that it would conduct a tender offer for the acquisition of Lutronic, and Hahn & Company announced its tender offer plan before the market opened on the same day.

Shinhan Investment & Securities bought 1,014,174 shares of Lutronic in the market on the 12th. The acquisition unit price was 36,198 won. The next day, from the 13th to the 18th, some stocks were sold, and 1,000 of the remaining 1,013,379 shares were left and the tender offer was made.

It is estimated that Shinhan Bank and Shinhan Investment & Securities earned about 180 million won and 440 million won, respectively, if the unit price of acquisition and disposal is simply calculated by accepting a tender offer after acquiring a stake in the market. After the announcement of the tender offer, Lutronic's share price soared, and Shinhan Bank and Shinhan Investment & Securities bought the stock after that, but as a result, it was a significant return on investment.

Meanwhile, Hahn & Company, which succeeded in the tender offer, is expected to voluntarily seek to delist Lutronic.

 

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