KGA and Samsung SPAC No. 9 each held extraordinary general meetings of shareholders and announced on the 28th that they had approved the merger proposal of the two companies. The merger ratio between the two companies is 1 to 0.3309614, and the merger price is 6,043 won.
KGA plans to use the funds from this listing as investment resources for ▲ expanding production capacity (CAPA) due to increased orders ▲ improving main products such as secondary battery electrode equipment ▲ research and development (R&D) for new product development. KGA is currently constructing a large-scale new factory in the Brain City Industrial Complex in Pyeongtaek, Gyeonggi Province, and expects that the funds from this listing will greatly contribute to maximizing production efficiency and improving response speed.
Last year, KGA achieved sales of KRW 51.43 billion, up 266% year-on-year on a consolidated basis, demonstrating significant sales growth. During the same period, operating profit and net profit also increased by 376% and 364%, respectively, to KRW 3.4 billion and KRW 2.8 billion, continuing the surplus trend for the third consecutive year.
In the secondary battery electrode process equipment sector, KGAE plans to continue expanding new orders targeting domestic and international global battery manufacturers based on its wide network and differentiated technological prowess.
The company explains that it has secured the largest global customer pool among domestic secondary battery equipment companies, and as demand for process equipment for all-solid-state batteries has been rapidly increasing recently, it is expected to achieve new orders worth 100 billion won this year for the first time since its establishment.
In the new business sector, full-scale entry into the humanoid robot market is also underway. KG is developing an expanded power solution for the next generation of humanoid robots in collaboration with Mobilrobotics. It is a high value-added solution that can increase operating time by up to two times by integrating a protective cover and battery on the chest, back, and legs of the humanoid.
A KGA official said, “Through the KOSDAQ listing, the electrode process equipment sector will be able to significantly expand its CAPA and advance both its global supply capabilities and performance by at least one level,” adding, “The new business sector plans to advance the commercialization date even further and leap forward as a leading company in the humanoid and new materials fields.”
With the listing, KGAE plans to strengthen its core business and foster new growth engines in parallel, and simultaneously increase its corporate value and performance in the long term. The KOSDAQ listing date is scheduled for June 18.
- See more related articles
You must be logged in to post a comment.