[Asia Economy Reporter Park So-yeon] Kosdaq-listed company U&AI announced on the 23rd that "it will actively cooperate in raising funds for the acquisition of Ssangyong Motor through FI in the future." This statement was made in response to the reason for the designation of Edison EV, the largest shareholder, as a management item disclosed the previous day.
Earlier, on February 11, Edison EV became the largest shareholder of U&AI. Since then, U&AI has changed its name to Edisoninno and is promoting joining a consortium for the acquisition of Ssangyong Motor.
U&AI, a medical device manufacturer, operates secondary battery inspection equipment and electric vehicle charger businesses through its subsidiary DM Power and its granddaughter company Infinity Works.
A U&AI official said, "We want to play a central role in the growth of the automotive parts business while sharing the group's vision in the future," adding, "We will focus more on the automotive business sector and grow into a technology-intensive company overseeing new technology business sectors related to automobiles, such as autonomous driving, Smart BMS technology, MSO Coil motor technology, AI technology, and electric vehicle charging business."
Meanwhile, U&AI announced that it submitted an audit report with an 'unqualified' audit opinion on the 22nd. The regular shareholders' meeting is scheduled to be held on the 31st.
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