Hana Micron announced in a public disclosure that it held a board meeting and approved a plan to split the company into an investment company and an operating company.
Through this spin-off, Hana Micron will be reorganized into Hana Semiconductor Holdings (tentative name), which will act as an investment company and holding company, and Hana Micron, which will be in charge of the existing semiconductor post-processing business. The spin-off will be carried out by establishing Hana Semiconductor Holdings as the surviving corporation and Hana Micron as the new corporation. Existing shareholders will be allocated shares of the two companies in equal proportions according to the split ratio. The split ratio was determined to be Hana Micron 67.5% and Hana Semiconductor Holdings 32.5%.
This spin-off is the first step in Hanamicron's transition to a holding company system, and is part of a plan to increase management efficiency by clearly separating business and investment divisions. The company has been evaluated as having undervalued corporate value due to its existing mixed business structure. Through this, it plans to operate each division independently and realize more efficient and specialized management. In addition, it is expected to disperse funding risks between businesses and increase corporate value.
As a holding company, Hana Semiconductor Holdings plans to focus on managing its Brazilian corporation and investment business, establish a long-term growth strategy, maximize synergy with existing businesses, and secure new growth engines.
The newly established business entity, Hanamicron, will focus on the semiconductor post-processing business and strengthen the operation of domestic and Vietnamese corporations. The company plans to specialize in semiconductor post-processing capabilities and strengthen global competitiveness through R&D and advanced production facilities.
A Hana Micron official said, “This spin-off is the first step toward transitioning to a holding company structure,” and added, “We are reviewing additional procedures and various plans. Through the transition to a holding company structure, we will reexamine the corporate value that has not been sufficiently evaluated so far, and leap forward as a global top 5 semiconductor post-processing group.”
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