[Asia Economy Reporter Jang Hyowon] In the fourth week of this month (September), CU Tech will conduct a demand forecast targeting institutional investors.
◆CU Tech= Established in 2004, CU Tech is a company specializing in SMT (Surface Mount Technology) and focuses on FPCA (Flexible Printed Circuit Assembly) used in OLED (Organic Light Emitting Diode) panels.
The Pyeongtaek headquarters is responsible for new businesses (automotive, healthcare) as well as display development and mass production lines. The local subsidiary in Dongguan, China, is specialized in producing products for displays, which is the company's main focus. The Hanoi production subsidiary in Vietnam mainly manufactures camera modules and battery PCMs, and is gradually expanding into automotive-related camera modules.
Last year's consolidated financial results recorded sales of 221.7 billion KRW, operating profit of 16 billion KRW, and net profit of 10.6 billion KRW.
CU Tech's desired public offering price band is 5,100 to 5,600 KRW, with an estimated offering amount of approximately 26.7 billion KRW. After the demand forecast on the 23rd and 24th, general subscription is planned for the 28th and 29th. The lead underwriter is Daishin Securities.
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