Fine M Tech Raises 57 Billion KRW for Foldable Parts Facility Investment

Fine M Tech announced on November 18 that it has decided to raise 17 billion KRW through a third-party allotment of common shares to its affiliate EMB, and an additional 40 billion KRW through a third-party allotment of convertible preferred shares (CPS) to domestic institutional investors.

The purpose of this funding is to support comprehensive growth investments for global supply chain restructuring, new facility investments, and the execution of mid- to long-term strategies.

Fine M Tech also plans to use the funds raised to directly acquire a stake in the Vietnamese manufacturing subsidiary currently held by Fine Technix. Through this, the company aims to unify its global customer supply network and lay the groundwork for expanding orders in the foldable parts, ESS parts, and automotive electronics businesses after 2026.

A Fine M Tech representative stated, "This fundraising is a strategic investment that goes beyond simple financial investment, enabling the restructuring of our global production network, the advancement of core facilities, and business diversification. In particular, directly owning the Vietnamese subsidiary is a proactive decision to meet future customer and global market demands, and it will solidify the foundation for a leap in performance after 2026."

This content was produced with the assistance of AI translation services.