CU TECH CORPORATION's KOSDAQ listing in South Korea and growth investment
First written in FY2022-Q2. 1 of 2 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2023-Q1.
No other company in this theme has enough history to compare yet.
- FY2023-Q1AdvancedAnnual report
「As CU TECH CORPORATION explored new growth investments following its KOSDAQ listing in October 2021, it identified strong compatibility with the implementation technologies it had cultivated over many years. The objective is to enhance the enterprise value of the EMS business by incorporating a company with customers and product lines in growth markets and thereby creating technology synergies and expanding the business portfolio.」
As a growth investment following its KOSDAQ listing, CU TECH CORPORATION acquired Lavinics to create synergies with its implementation technologies and expand the EMS business portfolio. - FY2022-Q2First statedAnnual report
「The Company's subsidiary CU TECH CORPORATION was listed on the Korea Exchange (KOSDAQ market) on 8 October 2021 (local time). In connection with the listing, the company issued new shares as described below, with payment completed on 1 October 2021 (local time). The Company also conducted an offering of 1,750,000 shares of the company that it held. As a result, the Company's voting rights ownership ratio in CU TECH CORPORATION became 69.38%. Use of funds: expansion of facilities for existing businesses in response to demand; expansion of the manufacturing base accompanying the strengthening and expansion of business areas; M&A investment in new businesses contributing to long-term growth」
As a significant subsequent event after the filing, the subsidiary CU TECH CORPORATION was listed on the KOSDAQ market and conducted a new share issuance and secondary offering. The funds raised are to be used to expand facilities and the manufacturing base and to invest in new businesses through M&A.