Dios Tech to Change Major Shareholder to Dios Holdings... "Strengthening Responsible Management"

[Asia Economy Reporter Jang Hyowon] Dios Tech, a company specializing in smartphone camera lenses, announced on the 13th that it will change its largest shareholder from iMap Dios Tech Specialized Private Equity Investment Trust to Dios Holdings and strengthen responsible management.

On the same day, Dios Tech disclosed that the largest shareholder is expected to change through Dios Holdings' participation in a third-party allotment paid-in capital increase worth 1.35 billion KRW and the conversion of convertible bonds worth 2 billion KRW into shares. After the change, Dios Holdings' shareholding ratio will be 9.96% (14,339,382 shares).

Dios Holdings, which will become the new largest shareholder, was the former largest shareholder of the unlisted company Dios Tech (a dissolved corporation) that merged with the former Tellus (now Dios Tech) in April last year. Since 2016, the management of Dios Holdings has also participated in the management of Dios Tech, leading to performance growth and enhancement of corporate value. The strategy is to further raise performance and corporate value through this change in the largest shareholder.

Dios Tech is a company that produces lenses for entry-level smartphones, including Samsung Electronics' Galaxy A series, its main client. Thanks to the growth of the smartphone multi-camera market and the trend toward high-resolution sensors, the company recorded sales of 85.9 billion KRW and an operating profit of 2.8 billion KRW last year, successfully returning to profitability and continuing its performance growth trend.

A company official stated, “Based on industry-leading yield rates and product competitiveness, we will strive to enhance shareholder value by strengthening responsible management. Due to the economic downturn caused by the novel coronavirus disease (COVID-19), market demand has shifted from flagship models to entry-level smartphones, and we expect to maintain stable performance this year as well.”

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