Energy Solutions "Semisysco Becomes Largest Shareholder"

[Asia Economy Reporter Hyunseok Yoo] Semisysco announced on the 16th through a disclosure on the 15th that Energy Solutions, the largest shareholder of Edison Motors, has become the largest shareholder.

Accordingly, it is expected that a full-fledged synergy effect will be realized between Edison Motors and Semisysco, which share the common denominator of electric vehicles.

In particular, Semisysco plans to increase sales in the second half of the year based on Edison Motors' market recognition and long-standing trust, as well as introduce Edison Motors' proprietary technologies (BMS, motor, lightweight body, etc.). Through this, they aim to close the first full year of the automobile business with solid performance.

Semisysco signed a management rights transfer agreement on May 31. Along with this, through a third-party allotment paid-in capital increase, Energy Solutions agreed to pay a total of 35 billion KRW in five installments of 7 billion KRW each, securing approximately 50% of the shares and becoming the major shareholder.