SNT Group buoyed by IMM Credit & Solutions as affiliates hit record highs

Shares of SNT Group affiliates have reached all-time highs after IMM Credit & Solutions (ICS), a subsidiary of the Korean private equity firm IMM Private Equity, made a strategic 200 billion won ($144 million) investment, market watchers said Tuesday. They noted that ICS’ broad-based efforts to enhance corporate value have paid off. Last month, ICS made its investment by purchasing 200 billion won in exchangeable bonds issued by SNT Group, a leading medium-sized player in Korea’s defense and energy sectors. The deal covered SNT Dynamics, SNT Energy and SNT Holdings. ICS believes the group’s stable cash flows in these sectors support expectations for long-term growth. The market responded swiftly to the investment news. Strong buying by both institutional and retail investors boosted trading volumes, driving consecutive gains for the three affiliates. SNT Dynamics jumped 5.19 percent on Monday, closing at 62,800 won and briefly reaching an intraday high of 64,900 won, setting a record. SNT Energy also hit a historic peak of 56,600 won on July 29. SNT Dynamics produces essential defensWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times