KP Aviation Industry to Pursue SPAC Merger Listing...KOSDAQ Debut in May

KP Aviation Industry, a specialized manufacturer of aircraft and defense parts, is set to be listed on the KOSDAQ market through a merger with NH SPAC No.30.

Yoon Seungwook, CEO of KP Aerospace Industry, is speaking at the 'KP Aerospace Industry-NH SPAC No.30 Listing Meeting' held on the morning of the 6th in Yeouido, Seoul. KP Aerospace Industry

Yoon Seungwook, CEO of KP Aviation Industry, stated at the 'KP Aviation Industry-NH SPAC No.30 Listing Conference' held on the morning of March 6 in Yeouido, Seoul, "The KOSDAQ listing will serve as a crucial turning point to accelerate future growth by expanding our research and development capabilities and production base."

KP Aviation has steadily expanded its manufacturing capabilities over the past 36 years, ranging from the production of aircraft jigs and tools to airframe structures and defense guided weapon molds. Its major clients include Korean Air, Korea Aerospace Industries (KAI), and Spirit AeroSystems of the United States.

In the aviation sector, the company has been recognized for its technological expertise in producing wing and fuselage structures for aircraft such as the A350, as well as composite structures like the A320 Sharklet. In the space sector, KP Aviation has participated in the production of fairing molds and forward fuselage jigs for the Naroho (KSLV-I), as well as the fuselage structure for the Nuriho (KSLV-II).

KP Aviation Industry aims to be listed on KOSDAQ through an absorption-type merger with NH SPAC No.30. The merger ratio has been set at 1 to 0.1672381. Following approval for a preliminary review of the listing, the company plans to finalize the merger decision at a shareholders' meeting scheduled for March 24. Afterward, the exercise period for appraisal rights will run until April 13, with the listing expected to be completed in May.

Through the listing, the company intends to strengthen its competitiveness in the aviation, defense, and space sectors. In aviation, it plans to boost order competitiveness by expanding its Vietnamese subsidiary and internalizing assembly and post-processing procedures. In the defense sector, KP Aviation will broaden participation in the production of advanced weapon systems, while in the space sector, it aims to explore new business opportunities through the production of launcher structures and jigs and tools.

KP Aviation's performance has shown steady growth. After recording sales of 34.6 billion won and operating profit of 800 million won in 2023, the company improved its results in 2024 to 49.7 billion won in sales and 3.5 billion won in operating profit.

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