Mot Private Equity Decides to Invest 20 Billion KRW in Daeho EL CB... "Expecting New Business Growth"

[Asia Economy Reporter Hyunseok Yoo] Mot Private Equity, a private equity fund management company, announced on the 23rd that it will invest in convertible bonds worth 20 billion KRW issued by Daeho AL. The investment will be made through Mot Companion 2 Private Equity Partnership, a management participation-type private investment partnership, with the payment date set for March 13.

Daeho AL is a specialized aluminum material processing company that produces aluminum coils, sheets, and high-quality transitional plates. It was established in 2002 through a spin-off of the Namseon Aluminum sheet business division and was re-listed on the KOSPI market in the same year.

Daeho AL supplies high-quality aluminum sheets to various industrial products such as electric vehicle batteries, smartphones, architectural interior and exterior materials, and kitchenware. It supplies lightweight automotive materials installed in Hyundai Motor's Genesis models and is a first-tier supplier to Hyundai Rotem, expanding its railway vehicle sales share through increased supply of aluminum sheets for high-speed and light rail vehicles. Additionally, Daeho AL is pursuing participation in the fuel cell power generation business as a new venture. It is participating in a fuel cell power generation business consortium while developing and promoting the supply of aluminum materials used in fuel cell power plants.

Daeho AL plans to use the funds invested by Mot Private Equity to make new facility investments for producing high-quality aluminum. The purpose is to reduce the purchase price and procurement costs of aluminum ingots, which are currently entirely dependent on imports, thereby enhancing business competitiveness.

Mot Private Equity is a newly established private equity fund management company founded in June last year and received approval from the Financial Supervisory Service to establish a private equity fund management company in August of the same year.

Hong Taehwa, CEO of Mot Private Equity, stated, “Daeho AL’s stock price is undervalued, and there is sufficient potential for future performance growth. We expect more than double returns through this investment,” adding, “We plan not only to invest funds in Daeho AL but also to provide business support such as promoting new business ventures.”

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