Gas sensor specialist Senko announced on the 1st that it signed a new and old stock purchase agreement with TS Investment and will introduce a separate representative system to promote changes in management rights.
Through this contract, TS Investment will acquire 5 million common shares (KRW 3,540 per share) held by CEO Ha Seung-cheol, and will also participate in a paid-in capital increase of KRW 4.5 billion in new shares (common shares). TS Investment will also review additional new share investment plans within the year to expand the company’s global base. Accordingly, TS Investment will directly participate in management as the largest shareholder of Senko, and Senko will use the secured funds to expand into the global market.
With this contract, Senko will transition to a system of individual representatives, with each representative taking responsibility for a specialized field. The current CEO, Seung-cheol Ha, will focus on research and development (R&D) and global sales, while TS Investment will be in charge of internal management, finance, and organizational operations.
CEO Ha Seung-cheol said, “We have already confirmed our global potential through SENKO EU, SENKO Canada, and SENKO USA,” and “The co-CEO system with TS Investment is the starting point for aggressive establishment of overseas subsidiaries and full-scale execution of global strategies. Through this, we will show you how we will leap forward as a truly global company in the near future.”
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