Beomhan Fuel Cell Accelerates IPO Process... NH Investment & Securities Appointed as Lead Underwriter

Prime Minister Chung Sye-kyun is inspecting Beomhan Fuel Cell's hydrogen fuel cell excavator at the 'Hydrogen Mobility+ Show' held on the 1st of last month at KINTEX in Goyang-si, Gyeonggi-do.
Photo by Kim Hyun-min, Goyang kimhyun81@

[Asia Economy Reporter Kum Bo-ryeong] Beomhan Fuel Cell is accelerating its listing process by selecting NH Investment & Securities as the lead underwriter for its initial public offering (IPO).

Beomhan Fuel Cell announced on the 18th that it had selected NH Investment & Securities as the lead underwriter for its IPO. The joint underwriter is Korea Investment & Securities.

Beomhan Fuel Cell was established last year through a physical division from Beomhan Industry. Beomhan Industry holds a 68.2% stake in the company. Beomhan Industry is a company with long-standing experience in developing and manufacturing high-pressure compressors for ships and power generation facilities, possessing core design technologies.

Beomhan Fuel Cell plans to enhance its competitiveness by expanding in the hydrogen industry sector. It already holds competitiveness in various areas such as fuel cells for submarines and unmanned underwater vehicles, fuel cells for buildings, and future-type fuel cells responding to environmental regulations. The company is diversifying its business in hydrogen-related fields, led by its hydrogen charging station business.

Jung Young-sik, CEO of Beomhan Fuel Cell, said, "Together with the underwriting team, we will do our best to set a milestone in the hydrogen industry, which is entering a phase of rapid global growth, through a successful IPO."

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