Kistron Submits Securities Registration Statement for KOSDAQ Listing
Kistron, a wire manufacturer specializing in electronic components with over 30 years of experience, announced on the 31st that it has submitted a securities registration statement to the Financial Services Commission and is officially pursuing a listing on the KOSDAQ.
Established in 1992 as an affiliate of the Goryeo Steel Group, Kistron has maintained stable sales through premium lead wires, wires for cables, and solar power generation and leasing businesses. Last year, Kistron achieved sales of 69 billion KRW, a 23% increase compared to the previous year, with an operating profit of 5.9 billion KRW and a net profit of 8.8 billion KRW, marking a 267% increase year-on-year.
Premium lead wires are used to manufacture lead wires, which are lead tab components for capacitors mounted on the PCB (Printed Circuit Board) of electronic devices using the surface-mount technology (SMT) method. Wires for cables are supplied and utilized in infrastructure industries such as construction, civil engineering, plants, and power plants.
In particular, Kistron is recognized for having established a stable market share base both technically and institutionally. This is because entry by new companies is difficult due to high-level licensing and compliance with environmental regulations, and Kistron possesses long-standing production know-how to maintain consistent quality.
Jung Min-ho, CEO of Kistron, stated, “Based on our accumulated business capabilities, Kistron will grow into a global top-tier company encompassing both steel and non-ferrous metals by promoting new businesses such as MCF (Metal Coated Fiber) for automotive seat heaters, high-purity aluminum wire and aluminum alloys, and CCA (Copper Clad Aluminum) for motor winding.”
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Meanwhile, the funds raised through this IPO will be used for research and development investments and new business ventures. Kistron plans to offer 6.3 million shares with a desired public offering price band of 3,100 to 3,600 KRW per share. Through this offering, it aims to raise between 19.5 billion and 22.6 billion KRW, with Shinhan Investment Corp. acting as the lead underwriter.
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