Development and Manufacturing of Electronic Components Including IT and Mobile Parts
LG Group Partnership... Overseas Subsidiary Establishment Planned
Toprun Total Solution, a component ODM (Original Design Manufacturer) company, announced on the 30th that it has submitted a securities registration statement to the Financial Services Commission and has officially begun the public offering process for listing on KOSDAQ.
Founded in 2004, Toprun Total Solution develops and manufactures various electronic components such as automotive displays and IT (Information Technology) and mobile parts. Having maintained a long-term partnership with LG Group, Toprun Total Solution pursued the establishment of overseas subsidiaries in China, Vietnam, Poland, the United States, and Indonesia through a strategy of accompanying LG Group’s overseas production base expansions.
Last year, on a consolidated basis, sales reached 513.9 billion KRW, and operating profit was 29.7 billion KRW, representing growth of 6.5% and 78.3% respectively compared to the previous year.
Toprun Total Solution will offer 2.5 million shares entirely as new shares. The desired public offering price is between 12,000 KRW and 14,000 KRW per share, with a total offering amount of 30 billion to 35 billion KRW. The demand forecast will be held from September 24 to 30, and the general subscription will take place from October 7 to 8, with the listing scheduled for October. KB Securities is in charge of the listing underwriting.
Toprun Total Solution plans to use the funds raised through the listing to establish the foundation necessary for new business initiatives and to recruit outstanding talent. Park Young-geun, CEO of Toprun Total Solution, stated, "We will do our best to become a leading IT electronic components company in the global materials and components market."
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