Hansol Holdings Fails in Second Tender Offer to Delist Hansol PNS
Paul Lee
hoondork1977@alphabiz.co.kr | 2025-06-09 03:54:05
[Alpha Biz= Paul Lee] Seoul, June 5 – Hansol Holdings' second tender offer to acquire full ownership of Hansol PNS (formerly Hansol Telecom) has fallen short, casting uncertainty over the company’s plan for voluntary delisting.
According to the Financial Supervisory Service, only 864,851 shares were tendered during the second buyback period (May to June 2), representing just 26.6% of the targeted 3.25 million shares.
As a result, Hansol Holdings' stake in Hansol PNS increased from 84.14% to 88.36%, still well below the 95% threshold required for voluntary delisting under Korea Exchange regulations (excluding treasury shares).
Hansol Holdings argues that delisting is necessary due to structural challenges within Hansol PNS, which operates across IT services, IT hardware distribution, and paper distribution. The IT services division provides stable income within the group but has limited external market expansion potential, while the hardware distribution segment yields less than 1% operating margin.
The company had attempted to repurchase shares twice this year—once in March-April and again in May—both times offering KRW 1,900 per share. A third tender offer has not been ruled out.
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