KS Industry announced on the 23rd through a public disclosure that it had decided to increase capital through a third-party allocation of 6 billion won.
The paid-in capital increase is scheduled to be paid on February 3, through which the largest shareholder will change from Arcsolution Co., Ltd. to VT Co., Ltd.
VT Co., Ltd. is a KOSDAQ-listed company with a market capitalization of approximately KRW 1.2 trillion. Based on the consolidated financial statements at the end of the third quarter of 2024, it recorded operating profit of KRW 81.8 billion and holds KRW 110 billion in cash and cash equivalents and other liquid financial assets.
KS Industry believes that VT Co., Ltd. has given a positive evaluation of the AI data center business that the company is promoting. The AI data center business sector is a rapidly growing sector, and the company aims to secure competitiveness in the AI data center business sector in a short period of time.
A KS Industry official said, “In the ship crane business sector, contracts signed two years ago based on the low won-dollar exchange rate will begin to be delivered this year, and we will benefit from the exchange rate difference when receiving payment based on the current exchange rate.” He added, “We will continue to grow by strengthening new businesses such as AI data centers based on the stability of our existing businesses.”
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