[Special Stock] Wonbang Tech Announces 2 Free Shares... Expected to Benefit from US Secondary Battery Expansion Competition

[Asia Economy Reporter Park Hyungsoo] Wonbang Tech is showing strong performance. The news of a stock dividend of 2 new shares per 1 common share seems to have influenced the stock price.

As of 9:57 AM on the 12th, Wonbang Tech is trading at 55,300 KRW, up 26.83% from the previous day.

Wonbang Tech held a board meeting the day before and resolved to carry out a stock dividend. The record date is set for the 27th of this month, and the new shares will be listed on the 14th of next month.

Wonbang Tech is a company that controls manufacturing environmental conditions in advanced industries such as semiconductors, displays, secondary batteries, and pharmaceuticals & bio. It entered the industrial cleanroom business for semiconductors and displays in 2000, and in 2011, it ventured into the dry room business for secondary battery production facilities. During its new business expansion, it acquired the bio cleanroom company Opt in 2015 and the bridge construction company Samhyun PF in 2019.

Industrial cleanrooms are clean manufacturing facilities necessary for semiconductor and display manufacturing, managing fine particles below a certain threshold. Major customers of industrial cleanrooms include Samsung Electronics, SK Hynix, Samsung Display, and LG Display. Wonbang Tech supplies system sealing, external devices, and other equipment within cleanrooms.

The dry room business started in 2011 when it won the contract for the dry room construction at SK Innovation's Seosan EV factory. Park Chansol, a researcher at SK Securities, explained, "In 2019, with orders for SK Innovation's Hungary factory and the US Georgia Plant 1, the company entered a performance growth cycle."

There is also a high possibility of performance improvement due to the expansion of battery factories in the US. Kim Younggun, a researcher at Mirae Asset Securities, analyzed, "The three domestic battery companies are aggressively investing in factory expansions centered in the US," adding, "Following the order for SK Innovation's US Plant 1 in March, they secured orders for cleanrooms and dry rooms for Plant 2, proving their technological capabilities."

Researcher Kim further emphasized, "They hold UL certification for licensing and product performance and safety for domestic and US construction," and "We expect additional orders related to battery expansion in the future."

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