036710
심텍홀딩스
Source: dsi_quarterly · analyst_consensus (internal DB). DSI from quarterly filings; consensus as of collection.
Suppliers
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Simmtech
Customers
Competitors
Notes
Simmtech is a leading Korean memory packaging substrate maker, with significant exposure to DRAM and NAND demand cycles. The holding company structure was established after a 2015 spin-off separating Simmtech Holdings from operating subsidiary Simmtech Co. Growth is tied to memory packaging volumes, particularly mobile and server DRAM.
The holding company resolved to acquire KRW 17.32 billion of perpetual private convertible bonds (Series 7) issued by its subsidiary Simmtech Co., representing 62.5% of the holding company's equity. The bonds carry a 4.0% coupon, a 30-year maturity (June 2055), and a conversion price of KRW 21,556 per share, with the issuer holding a call option exercisable from June 2030. The acquisition price reflects an 8.0% annual compounded yield applied to the KRW 50 billion call-option-target portion of the bonds held by KB Mezzanine Capital Fund No. 4. The stated purpose is to enhance holding-company management efficiency by absorbing bonds previously issued by the subsidiary. Settlement is scheduled for June 22, 2026.
Simmtech Holdings filed its Q1 2026 quarterly report covering January 1 to March 31, 2026, marking the 40th fiscal year. As a pure holding company, it derives income from dividends, trademark royalties, and rental income from subsidiaries engaged primarily in PCB (Module and Substrate) manufacturing and sales. The consolidation scope remained unchanged at 17 subsidiaries (1 listed, 16 unlisted), with no new additions or removals during the period. The report reaffirms the corporate structure across Korea, China, Japan, Singapore, Malaysia, Taiwan, India, and other overseas entities without disclosing material new business developments in the opening sections. No credit rating changes or special listing matters were reported.