Hanatech, a specialized manufacturer of secondary battery equipment, is showing strong performance. The news that it is raising 60 billion KRW in funds for new technology research and development by issuing convertible bonds (CB) appears to be influencing its stock price.
As of 2:14 PM on the 29th, Hanatech is trading at 57,400 KRW, up 6.69% compared to the previous trading day.
The third series of convertible bonds, issued privately, has a coupon rate and maturity guaranteed yield of 0%, with a conversion price of 54,723 KRW. The conversion right can be exercised starting from April 30, 2025, one year later. The payment date for these convertible bonds is the 30th of this month.
Hanatech plans to invest the raised funds intensively in research and development of new technology fields that will become new growth engines. While continuing stable growth by providing turnkey solutions from secondary battery assembly processes to activation processes, the company aims to expand its scale through new growth drivers.
In preparation for the commercialization of next-generation batteries, solid-state batteries, Hanatech is investing in the development of the core equipment, the Warm Isostatic Press (WIP). The WIP developed by Hanatech not only achieves high temperature and high pressure but also secures industry-first productivity at the level of 30 ppm (pieces per minute) through the introduction of inline continuous processes. The company explained that it will accelerate mass production.
Hanatech is conducting development and sample testing of lithium sulfide, a core material for solid-state batteries, and its raw material, lithium sulfide. It is judged that production line operation will be possible within this year.
Hanatech has commercialized thermal edging technology applicable to various display cover glasses and supplied equipment to a German automotive display processing company. Currently, it is advancing the enhancement of thermal edging equipment that removes cracks and strengthens durability at the edges of semiconductor glass substrates using thermal edging technology. It is expected that once the technology is developed, it will also be applied to display cover glasses and semiconductor glass substrates.
Hanatech CEO Oh Tae-bong stated, "Hanatech is an equipment company providing turnkey solutions for secondary batteries, maintaining its core competitiveness while focusing investments to ensure early commercialization of new technology businesses, and will grow into a larger company."
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