[Breaking News] STX Selects Beomhan Industry Consortium as 'Preferred Bidder'... Court Approval Completed

STX has selected the Beomhan Industry consortium as the preferred bidder in accordance with the existing conditional investment agreement during its rehabilitation process, and has received court approval.

According to STX's public disclosure on the 4th, the company stated that it received a court approval decision regarding the selection of the Beomhan Industry consortium as the final preferred bidder in relation to the pre-confirmation M&A process.

■ No Applicants for Public Competitive Bidding... Selected Based on Existing Investment Agreement

According to the company, STX applied for the initiation of rehabilitation proceedings on December 19, 2025, and received a decision to initiate rehabilitation proceedings from the Seoul Rehabilitation Court on April 6, 2026. Since then, while conducting the pre-confirmation M&A process under court approval, it signed a conditional investment agreement with the Beomhan Industry consortium on March 24, 2026.

STX explained that it conducted a public competitive bidding until May 29, but there were no valid bidders who submitted proposals. Accordingly, the Beomhan Industry consortium was selected as the preferred bidder based on the previously signed conditional investment agreement.

The Seoul Rehabilitation Court approved this selection on June 1, 2026, and STX received the court's approval decision document on June 2. The fact-checking date for this public disclosure is also June 2, 2026, when the decision document was received.

■ 'Creditor Consent and Court Confirmation' Remain Before Final Acquisition is Confirmed

However, this selection is not a confirmed acquisition but rather the 'preferred bidder' stage. The final acquisition will only be confirmed after going through the creditor consent via a meeting of interested parties and the court confirmation process following the establishment of a rehabilitation plan. In addition, the future schedule and details may be subject to change during the consultation process with relevant institutions, including the rehabilitation court.