MS Autotech plans Simwon America IPO to fund group value growth initiatives

• MS Autotech set out a plan to pursue an IPO for its auto-parts unit, Simwon America, on an overseas market.
• The strategy targets valuation uplift through market price discovery, disclosure, stronger dividend capacity, stronger group cash flows, cash inflows from the offering.
• Management flagged potential indirect stake dilution through Myungsin Industrial, with possible parent-share discount risk.
• Shareholder-protection actions include annual retail IR, governance upgrades, tighter internal-transaction controls, continued shareholder returns post-IPO.
• Board review, resolution dated Oct. 13, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MS Autotech Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261013900678), on October 13, 2026, and is solely responsible for the information contained therein.