Binatec Issues 27 Billion Won Perpetual Bonds to Accelerate Future Business Investment

Vinatek announced on the 28th through a public disclosure that it will issue 27 billion KRW worth of perpetual bonds to invest in new businesses such as hydrogen fuel cells and hybrid supercapacitors.

This fundraising method involves issuing perpetual bonds that are recognized as equity capital. It is expected to contribute to financial stability by expanding equity capital. This issuance reflected a premium element for the issuer as it was highly evaluated by numerous domestic institutional investors for the company's technological capabilities and growth potential. Vinatek plans to expand the production lines for hydrogen fuel cells and hybrid supercapacitors in Wanju through this fundraising.

Recently, global leading companies in major countries such as the United States, Europe, and China have been committing to the hydrogen industry by announcing and implementing mid- to long-term policies and investment plans. With the growth of this industry, Vinatek's hydrogen fuel cell business is also expected to benefit. In particular, from the second half of this year, reference sales of hydrogen fuel cell parts in the mobility sector have also begun.

Additionally, many projects related to hybrid and high-capacity supercapacitors for market expansion in ESS, trams, and defense are mostly progressing smoothly.

Seong Do-kyung, CEO of Vinatek, said, “This fundraising is an investment for full-scale response as visibility for new businesses has been secured,” and added, “The issuance of perpetual bonds is the first funding since listing on KOSDAQ and will serve as a catalyst for Vinatek’s leap to becoming a global company.”

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