Samgi Accelerates Electric Vehicle Parts Business... "Subsidiary Raises 10 Billion KRW Investment"
[Asia Economy Reporter Hyunseok Yoo] Samki announced on the 17th that its subsidiary Samki EV will raise 10 billion KRW through a third-party allotment paid-in capital increase.
It will issue 1,538,462 new shares, with KDB Industrial Bank and the materials and components fund Paratus participating in the capital increase. The issue price per share is 6,500 KRW, and the total amount raised is 10 billion KRW, with KDB Industrial Bank investing 2 billion KRW and Paratus investing 8 billion KRW.
Samki EV is a newly established company created last October through a physical division from Samki to focus on core businesses related to electric vehicle batteries.
Samki EV's main products are electric vehicle battery module components. Sales grew rapidly from 10.1 billion KRW last year to 24.4 billion KRW in the cumulative third quarter of 2020. The company expects sales to exceed 30 billion KRW this year.
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A company official stated, "This investment reflects the market's positive evaluation of Samki's growth potential in the electric vehicle battery module business, and the investment funds will be used as necessary resources to expand related businesses."
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