[Public Notice+] Kumho Electric Acquires Stake in D-Lab Ventures... "Entering Hydrogen and Renewable Energy Business"

[Asia Economy Reporter Hyunseok Yoo] Kumho Electric, a manufacturer of displays and general lighting, announced on the 8th that it will enter the hydrogen and renewable energy market, a new business area, through the acquisition of shares in the venture capital firm D-Lab Ventures.

Kumho Electric disclosed that on the 5th, it signed a stock transfer agreement to acquire 6 million shares (47.5% stake) of D-Lab Ventures for 3 billion KRW.

D-Lab Ventures is a newly established venture capital company that recently formed the "Content Unicorn Job Venture Fund" worth 27.5 billion KRW. While focusing investments on regional content sectors, it has also partnered with China's Cybernut Investment Group to actively discover promising companies both domestically and internationally.

Kumho Electric plans to add new business objectives at the extraordinary general meeting of shareholders scheduled for July 29.

A company official stated, "We decided to invest in the venture capital firm to improve the performance of existing businesses and discover new growth engines," adding, "We aim to establish a foundation for a new leap forward by investing in promising companies in the hydrogen and renewable energy sectors."

Meanwhile, Kumho Electric is currently raising a total of 17 billion KRW in funding by conducting a third-party allotment paid-in capital increase worth 7 billion KRW targeting Shinju PE, a major shareholder-related party, and issuing convertible bonds worth 5 billion KRW each to Phantom Investment Association No.1 and No.2.

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