KEMTEC, Largest Shareholder's Special Manager Purchases Shares on Market

KM Tech announced on the 13th that a related party of its largest shareholder, HS Holdings, purchased 50,774 shares on the open market.

Prior to this, they had acquired 26,000 shares both on and off the market (6,000 shares on the market, 20,000 shares off the market) in January. They plan to further increase their stake going forward.

KM Tech recently changed its company name to strengthen its identity in the secondary battery business. The new name, Korea Energy AutoMotive Technology, reflects its goal and vision to promote eco-friendly mobility businesses, including secondary batteries.

The company aims to develop advanced solutions in the field of electric energy storage device components, particularly enhancing differentiated technology and quality competitiveness in electric vehicle parts such as battery can-cap assembly.

A company representative stated, “This open market purchase reflects a positive judgment on the company’s sustainable future growth potential. As we accelerate our secondary battery parts business, we will do our best to achieve tangible results this year, in line with the meaning of our new name.”

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