Nanocamtech Secures 17.2 Billion Won in Liquidity... Accelerates Shift to AI and Robotics-Focused Business Structure
Nanocamtech has secured cash liquidity of 17.2 billion won through the sale of non-core assets, accelerating its restructuring toward an AI and robotics-focused business portfolio.
The company announced on May 27 that it has completed the transfer of 150,519 shares in DB Investment Partnership to Wonjeong Infra Holdings and others, and has also received the proceeds. The size of this transaction corresponds to 79.45% of its consolidated equity as of the end of last year, and 23.25% of its consolidated total assets.
This disposal of shares also reorganized the previous investment structure, which consisted of "Nanocamtech → DB Investment Partnership → CanvasN". The company explained that the transaction was carried out to enhance management efficiency and to restructure its business operations. The funds secured will be used as resources for new business investments and to strengthen financial stability.
Recently, Nanocamtech also acquired shares in OneTouchAI, a company specializing in AI application software development, thereby becoming its largest shareholder. OneTouchAI is led by CEO Choi Jongwon and is engaged in developing AI-based application software technologies. CEO Choi previously served as lead researcher at the Samsung SDS Artificial Intelligence Research Center.
The company plans to expand its operations centered on AI software and robotic vision technologies. In addition, an amendment to the articles of incorporation to change the company name to "LSK iRobot" will be proposed at the extraordinary general meeting of shareholders scheduled for May 29.
A Nanocamtech official stated, "Through this asset reorganization, we have secured both financial stability and the capacity for new investments," adding, "We plan to simultaneously establish a new business foundation centered on AI and robotics, while also strengthening the competitiveness of our existing businesses."
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With this asset sale and the acquisition of the AI company, Nanocamtech is not only securing liquidity and financial stability, but also actively embarking on a transformation into an AI and robotics-focused company.
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