Alpha Holdings Acquires Management Rights of Hansong Neotek... Full-Scale Entry into Secondary Battery Business

[Asia Economy Reporter Jang Hyowon] Alpha Holdings announced on the 22nd that it will officially enter the secondary battery business by acquiring management rights of Hansong Neotek.

Alpha Holdings will acquire approximately 7.7 million existing shares of Hansong Neotek and obtain about 6.9 million new shares through a third-party allotment paid-in capital increase on May 30, holding a total of 14.7 million shares (22.74%). The total transaction amount is approximately 42.8 billion KRW, with an acquisition price of about 2,914 KRW per share.

Hansong Neotek is a global leader in the 'OLED tensioner' field, a core equipment for the OLED process, possessing excellent mask analysis and design capabilities, as well as control and vision technologies in algorithms and software. It also has Shinhwa IT as a subsidiary, a secondary battery material specialist supplying high-performance lead tabs to global secondary battery companies as a partner in the secondary battery equipment sector of LG Energy Solution.

Through this acquisition agreement, Alpha Holdings has expanded its business scope from existing system semiconductor design and design services and fabless business to the next-generation secondary battery field.

Additionally, Shinhwa IT, acquired by Alpha Holdings, has secured core technologies essential for next-generation secondary batteries such as all-solid-state batteries and lithium metal batteries, including low-temperature fusion technology that attaches polymer resin (PP) material films to metal surfaces and 'Edge' technology that stabilizes internal materials of secondary batteries, enabling high-performance, large-capacity lead tabs.

An Alpha Holdings company representative stated, “This acquisition of Hansong Neotek and Shinhwa IT has provided an opportunity to officially enter the secondary battery business. Starting this year, sales from Hansong Neotek’s secondary battery equipment sector are expected to accelerate, while subsidiary Shinhwa IT plans to expand lead tab sales and use this as a stepping stone to pursue an IPO in the near future.”

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