SNT Holdings launches hostile takeover bid for Smack

SNT Holdings has increased its stake in Smack, South Korea's second-largest machine tool company, to 13.65% and changed its shareholding purpose to 'impact of management rights', signaling a hostile merger and acquisition attempt. Including Chairman Choi Pyong-kyu's personal stake, SNT Group holds 20.20%.

“SNT Holdings changed its purpose of holding a stake in Smack from 'simple investment' to 'impact of management rights.'”mk.co.kr

• 1 source
• mk.co.krSNT Group has officially formulated a hostile merger and acquisition (M&A) of Smack, South Korea.. - MK우수민Nov 24, 2025

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