CNTUS Seongjin Plans to Establish Investment Corporation Worth 10 Billion KRW

[Asia Economy Reporter Lim Jeong-su] CNTOOS Seongjin, a specialized company in advanced material filters, announced on the 10th through a public disclosure that it plans to establish an 'investment corporation' worth approximately 10 billion KRW.

CNTOOS Seongjin explained that it decided to establish the 'investment corporation' to quickly invest in companies developing core new technologies leading the future or promoting new businesses.

The newly established investment corporation will focus on investing in new business ventures including B2C and D2C (Direct to Consumer) sectors. The company plans to pursue mergers and acquisitions (M&A) with companies that have potential for co-growth with its current business divisions.

In addition to the investment corporation, CNTOOS Seongjin will also establish a sales corporation to strengthen new businesses in the B2C and D2C sectors. Furthermore, to enhance brand power and human resources in these areas, it acquired Pinkeridge Co., Ltd.

A CNTOOS Seongjin official stated, "This year, we plan to expand not only our existing filter business but also the new consumer goods and water treatment filter business sectors," adding, "We will transform into a D2C company that directly reaches consumers through the establishment of an online platform."

Meanwhile, as of 9:21 AM on the same day, the stock price of CNTOOS Seongjin, a KOSDAQ-listed company, was trading at 22,450 KRW, down 1.54% compared to the previous day.

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