SNT Group chairman to donate 6.65% SNT Holdings stake to Unhae Scholarship Foundation

  • Choi Pyeong-gyu will donate 990,891 SNT Holdings shares to the Unhae Scholarship Foundation.
  • The 6.65% stake was valued at approximately ₩46 billion, or $34.0 million.
  • The foundation will become SNT Holdings’ second-largest shareholder with a 9.99% stake.

Choi Pyeong-gyu, chairman of SNT Group, will donate 990,891 personally held SNT Holdings shares, equivalent to a 6.65% stake, to the public-interest Unhae Scholarship Foundation. The shares were valued at approximately ₩46 billion, or about $34.0 million, based on SNT Holdings’ September 29 closing price. Once completed, the foundation will hold 1,489,000 shares, or 9.99%, making it SNT Holdings’ second-largest shareholder. Its total managed assets will rise to approximately ₩250 billion, while basic assets will expand to ₩176 billion. Choi’s cumulative personal donations over 13 years will reach ₩56 billion. Established in 2013, the foundation has distributed ₩16.7 billion in scholarships to 2,176 recipients. This year, it supported 620 university students with ₩8 million each, three graduate-student research teams with ₩100 million each, and 75 students with disabilities through ₩1 million scholarships. The foundation plans to broaden support for future STEM technologies and educationally marginalized groups.

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SNT Group chairman to donate 6.65% SNT Holdings stake to Unhae Scholarship Foundation - CoinPost Terminal