CEK Secures 10.5 Billion Won Investment

Green Resource's subsidiary, CEK, has secured an investment of 10.5 billion won.

According to Green Resource on July 30, the investment will be made through the issuance of redeemable convertible preferred shares (RCPS) by CEK worth 10.5 billion won, which QED will acquire. Based on its technological capabilities in ceramic component processing and precision cleaning, as well as its future growth potential, CEK was valued at 60 billion won in this investment. QED is scheduled to make the payment on July 31.

CEK specializes in ceramic component processing and precision cleaning. Since becoming a subsidiary of Green Resource in November 2024, the company has expanded its business scope from display-centric operations to semiconductor ceramic component processing and cleaning. Green Resource currently holds approximately a 76% stake in CEK.

The recent investment will be allocated to building new production facilities at a new factory covering about 7,800 pyeong at the Jeongok Marine Industrial Complex in Hwaseong, Gyeonggi Province. CEK plans to establish precision cleaning lines for semiconductors, ceramic material production lines, and precision ceramic processing lines. The goal is to have the new factory operational in the second half of next year.

A representative from Green Resource stated, "This investment is meaningful in that CEK's potential and growth prospects in the semiconductor business have been validated by a professional investment institution. We will do our utmost to stabilize CEK's new production system as soon as possible and achieve substantial sales growth by entering the global semiconductor equipment OEM market, thereby maximizing shareholder value."

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