JNTC Submits Securities Registration Statement... Begins KOSDAQ Listing Process

Scheduled for KOSDAQ Listing in February After Demand Forecast on February 11-12 and Subscription on February 17-18

[Asia Economy Reporter Eunmo Koo] JNTC, a specialist company in 3D cover glass and connectors, announced on the 14th that it has submitted a securities registration statement to the Financial Services Commission and officially begun the process of listing on the KOSDAQ.

JNTC plans to offer 11 million shares in this public offering. The expected offering price ranges from 8,500 KRW to 10,500 KRW per share, with the expected total amount between 93.5 billion KRW and 115.5 billion KRW. Demand forecasting will be conducted over two days from the 11th to the 12th of next month, followed by subscription on the 17th and 18th, with the goal of listing on the KOSDAQ market within February. Shinhan Investment Corp. and Eugene Investment & Securities are jointly managing the listing.

Founded in 1996, JNTC started with the connector business, achieved the world's first mass production of 3D cover glass in 2014, succeeded in mass-producing keyless cover glass for smartphones last year, and is now on the verge of the world's first commercialization of integrated 3D cover glass for vehicles this year. Additionally, through advanced technology in high-performance, high-spec thin-film glass, the company is accelerating its entry into the foldable and rollable UTG markets and leading the future display market, maintaining a steep growth trajectory.

The company stated, "With leading technology driving the global smartphone paradigm, we have succeeded in diversifying our global customer base, achieving both external growth and qualitative growth simultaneously." The cumulative sales and operating profit for the third quarter of last year were 224.9 billion KRW and 32.6 billion KRW respectively, and with the addition of the fourth quarter results, the company is expected to record its highest performance since its establishment.

Kim Seonghan, CEO of JNTC, said, "This listing will serve as a foundation for JNTC to accelerate its growth as a global technology-leading company and leap forward as a key player in future industries." He added, "Starting with the market dominance of 3D cover glass for mobile and automotive applications, we will expand into foldable and rollable UTG as well as 3D cover glass markets for the Internet of Things (IoT) in the Fourth Industrial Revolution, continuing to grow as a representative company of South Korea."

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