CU Tech Receives Preliminary Listing Approval... "Joining KOSDAQ in the Second Half"

[Asia Economy Reporter Hyunseok Yoo] CU Tech announced on the 26th that it has received preliminary approval for listing from the Korea Exchange.

Founded in 2004, CU Tech is a company specializing in SMT (Surface Mount Technology) and focuses on FPCA (Flexible Printed Circuit Assembly) used in OLED (Organic Light Emitting Diode) panels.

CU Tech has completed the establishment of domestic and overseas production facilities to respond to global market trends. The Pyeongtaek headquarters is responsible for new businesses (automotive, healthcare) as well as display development and mass production lines. The Dongguan local subsidiary in China specializes in the production of display products, which is the company's main focus. The Hanoi production subsidiary in Vietnam mainly produces camera modules and battery PCMs, and is gradually expanding into automotive-related camera modules.

Baek Younghyun, CEO of CU Tech, said, “We have built global references in the SMT field over the past 17 years and have been recognized for our capabilities. Without complacency, we will use this listing as a stepping stone to expand our scope beyond smartphones to IT, automotive, healthcare, and more, laying the foundation for sustainable growth.”

The lead underwriter is Daishin Securities, and the consolidated financial results for 2020 show sales of 221.7 billion KRW, operating profit of 16 billion KRW, and net profit of 10.6 billion KRW.

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