Chae Si-ra's husband Kim Tae-wook's company pushes for 56 billion won investment from Japanese major; stock hits upper limit

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The stock price of iFamily S, a company co-led by singer-turned-businessman Kim Tae-wook, husband of actress Chae Si-ra, hit the daily upper limit following news of a stake acquisition by a Japanese major.

According to Korea Exchange on the 23rd, iFamily S, which operates the color cosmetics brand "Romand," traded at 10,940 won as of 9:50 a.m., up 2,520 won (29.93%) from the previous trading day's close.

This is interpreted as being driven by news that Marubeni, one of Japan's top five general trading companies, plans to secure a stake in iFamily S through a public tender offer.

On the same day, iFamily S disclosed that Welliance, a 100% subsidiary of Marubeni, plans to acquire up to 28% of the company's shares via a public tender offer.

The public tender offer price is set at 12,000 won per share, approximately 42.5% higher than the previous day's closing price of 8,420 won. The funds to be invested in the public tender offer amount to a maximum of approximately 56 billion won. The period runs from the 23rd to November 11, with the settlement date on November 13. The target scope for the public tender offer ranges from a minimum of 3,336,277 shares (20%) to a maximum of 28%.

If the public tender offer is successful, Marubeni will become a major shareholder of iFamily S. However, co-representative director Kim Tae-wook is expected to retain his position as the largest shareholder.

According to the public tender offer prospectus, co-representative directors Kim Tae-wook and Kim Seong-hyun have agreed not to participate in this public tender offer. Their respective shareholdings are 28.4% and 14%.

This stake acquisition is understood to be aimed at expanding strategic cooperation between the two companies. iFamily S plans to enter into a strategic business partnership with Marubeni and establish new divisions, including an investment committee, a business development department, and a management planning department. Marubeni is expected to support iFamily S's entry into overseas markets and pursue global investment opportunities.

Meanwhile, iFamily S is a K-beauty company listed on the KOSDAQ market in 2021, which has expanded its business in domestic and international markets led by the color cosmetics brand "Romand." Kim Tae-wook, a businessman with an acting background, married actress Chae Si-ra in 2000. He currently serves as co-representative director of iFamily S.

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*This content was translated by AI.View Original