TFE Submits Securities Registration Statement... Aiming for KOSDAQ Listing in November

Total Public Offering Shares 2.7 Million, Desired Offering Price per Share KRW 9,000~10,500

[Asia Economy Reporter Kwangho Lee] TFE, a specialized company in core components for semiconductor package testing processes, announced on the 12th that it has submitted a securities registration statement to the Financial Services Commission and will begin the public offering process for listing on KOSDAQ.

The total number of shares offered by TFE is 2.7 million, with a desired offering price range of 9,000 KRW to 10,500 KRW per share, and a total offering amount of 24.3 billion KRW to 28.35 billion KRW. After conducting institutional demand forecasting over two days on the 3rd and 4th of next month, the offering price will be finalized, and subscription for general investors will be conducted from the 8th to the 9th of the same month. The listing underwriter is IBK Investment & Securities.

Founded in 2003, TFE is the only total solution company in Korea that supplies all semiconductor package testing resources such as test sockets, test boards, burn-in boards, and COK (Change Over Kit). In particular, semiconductor test sockets, which are consumable parts, have seen increasing demand alongside semiconductor production, leading to growth in sales in this business segment.

Additionally, TFE integrates each core component of semiconductor package testing into a unified model and supplies it as a total package solution. In 2019, the company strengthened its test socket business capabilities by acquiring JMT, a Japanese test socket specialist company possessing original rubber socket technology.

Based on its core technological competitiveness, TFE supplies components to domestic and international semiconductor companies, and its sales continue to grow due to accumulated trust with customers and leading product positioning. The average annual sales growth rate over the past three years (2019?2021) is 34.38%, and operating profit has also been on an upward trend since 2019. On a consolidated basis, sales in 2021 reached 71.9 billion KRW, and operating profit was 10.9 billion KRW. In the first half of this year, sales exceeded 33.2 billion KRW and operating profit surpassed 5.4 billion KRW.

Moon Sung-joo, CEO of TFE, stated, “Based on the technological capabilities that realized the localization of core components for semiconductor package testing processes, we will enter the KOSDAQ market and leap forward as a global company leading the semiconductor package testing field.”

Meanwhile, TFE announced that it has been selected for the ‘Innovative Companies National Representative 1000’ program in recognition of its innovation and technological excellence. The ‘Innovative Companies National Representative 1000’ is a program supported by 12 government ministries, and through this selection, TFE will be able to receive policy financial support, opportunities for follow-up private investment attraction, consulting, and other non-financial support.

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