E&Corporation, Trading Suspension Lifted... "Will Evolve into a Specialized Industrial Environmental Treatment Company"
[Asia Economy Reporter Hyunseok Yoo] EN Corporation announced on the 26th that trading will resume following a stock split change listing. The company’s stock trading had been suspended since the 5th due to a free stock split.
A company representative stated, “We are aware of some concerns due to the free stock split, but we will turn this crisis into an opportunity and renew our determination,” adding, “We will improve our financial structure and accelerate the promotion of new businesses.”
The company has begun a fundamental restructuring, including changing its name from ‘Brain Contents’ to ‘EN Corporation’ to enhance corporate image and diversify its business. It plans to become a leading industrial water treatment company by building an integrated water treatment solution infrastructure.
Oh Taeseok, CEO of EN Corporation, said, “We have invested 100 billion KRW in acquiring parts of three companies?Hansung Cleantec, Invio Tech, and EN Chemical?entering the ESG business,” adding, “With recent government support for the Green New Deal policy and related bills proposed in the National Assembly, ESG business is gaining significant attention domestically, and benefits are expected.”
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He explained, “We will maximize our capabilities in the industrial environmental business, which has clear investment value and high growth potential,” and “We will transform into an industrial environmental treatment specialist company that shareholders can trust.”
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