KS Industry to Change Major Shareholder to 'VT'

KS Industry announced on the 23rd through a public disclosure that it has decided on a third-party allotment paid-in capital increase worth 6 billion KRW.

The paid-in capital for the capital increase is scheduled to be paid on February 3rd, and through this, the largest shareholder will change from the existing Arc Solution to VT.

VT is a KOSDAQ-listed company with a market capitalization of approximately 1.2 trillion KRW. As of the end of the third quarter last year, based on consolidated financial statements, it recorded an operating profit of 81.8 billion KRW and holds cash and cash equivalents and other liquid financial assets worth about 110 billion KRW.

KS Industry regards that VT has given a positive evaluation of the AI data center business that the company is currently pursuing. The AI data center business sector is rapidly growing, and the company aims to secure competitiveness in the AI data center business field within a short period.

A KS Industry representative stated, “The contract volume signed two years ago based on a low KRW/USD exchange rate in the ship crane business division will start delivery from this year, and we expect to benefit from exchange rate gains when receiving payments at the current exchange rate,” adding, “We will achieve continuous growth by strengthening new businesses such as AI data centers based on the stability of existing businesses.”