Fine Circuit, Shin Young SPAC 6 Approved for Merger... Scheduled for KOSDAQ Listing in February Next Year

[Asia Economy Reporter Jang Hyowon] Fine Circuit, a PCB (printed circuit board) specialized manufacturing company (CEO Yoo Su-kwon), will be listed on the KOSDAQ market in February next year through a merger by SPAC extinction method.

Shinyoung SPAC No.6 announced on the 29th that the merger plan with Fine Circuit was approved as originally proposed at the extraordinary general meeting of shareholders held on the same day. At the extraordinary general meeting, 39.6% of the total shares attended and passed the merger plan, and after completing the remaining merger procedures, it is scheduled to enter the KOSDAQ market on February 17 next year.

Founded in 1991, Fine Circuit is a company specializing in mass production of rigid PCBs used in home appliances, electric vehicle chargers, and communication devices. Recently, it has been focusing on the production of double-sided PCBs for electric vehicle chargers due to the expansion of the electric vehicle market, and has secured major domestic clients such as Samsung Electronics based on small variety mass production and differentiated quality.

Yoo Su-kwon, CEO of Fine Circuit, stated, “Based on the technology accumulated over more than 30 years, we plan to steadily grow our existing single- and double-sided PCB business and expand into the multilayer PCB (MLB) field in the future to broaden our business.” He added, “After listing, we will do our best to maintain continuous growth and maximize shareholder value.”

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