Two Companies Including Daejin Advanced Materials, a Secondary Battery Material Company, Pass KOSDAQ Preliminary Listing Review

The Korea Exchange KOSDAQ Market Headquarters announced on the 21st that it has approved the general listings of two companies, Daejin Advanced Materials and MD Device, following the preliminary review for listing on the KOSDAQ market.

Korea Exchange, Yeouido, Seoul. Photo by Jinhyung Kang aymsdream@

Founded in 2019, Daejin Advanced Materials' main products are materials and components for secondary battery processes. Last year, it recorded consolidated sales of 64.646 billion KRW and an operating profit of 987 million KRW. Mirae Asset Securities served as the lead manager for the listing.

Established in 2009, MD Device produces solid-state drives (SSD). Last year, it posted sales of 9.851 billion KRW and an operating loss of 4.739 billion KRW. Samsung Securities was the lead manager for the listing.