Total Public Offering Amount Reaches 151.6 Billion KRW
Doosan Enerbility's Czech subsidiary, Doosan ?koda Power, became the first power generation equipment company to be listed on the Czech stock market.
Doosan Enerbility announced that on the 6th local time, Doosan ?koda Power was listed on the Prague Stock Exchange in the Czech Republic and held a commemorative ceremony.
The event was attended by key figures including Petr Koblic, CEO of the Prague Stock Exchange, Hong Young-ki, Ambassador to the Czech Republic, Park Sang-hyun, President of Doosan Enerbility, and Lim Young-gi, Head of Doosan ?koda Power.
At the listing ceremony of Doosan Skoda Power held at the Prague Stock Exchange in the Czech Republic, Park Sang-hyun, President of Doosan Enerbility (right), and Petr Koblic, CEO of the Prague Stock Exchange, are ringing the bell to announce the stock market listing. Photo by Doosan Enerbility
The public offering price of Doosan ?koda Power was 14,400 KRW per share, with a total public offering amount of 151.6 billion KRW.
Doosan ?koda Power is a company that has supplied more than 540 steam turbines in the Czech Republic and Europe, and is expected to serve as a forward base for Team Korea's entry into the European nuclear power market.
The funds raised through this listing will be used to secure growth engines for both Doosan ?koda Power and its parent company, Doosan Enerbility.
Doosan ?koda Power will raise 41.8 billion KRW through the issuance of 2.9 million new shares to invest in production facility improvements and research and development (R&D), while Doosan Enerbility will secure 109.8 billion KRW through the sale of approximately 7.63 million existing shares of Doosan ?koda Power.
Doosan Enerbility plans to invest these funds in production facility improvements, research and development of nuclear and small modular reactor (SMR) technologies, and expansion of gas turbine facilities.
At the listing ceremony of Doosan Skoda Power held at the Prague Stock Exchange in the Czech Republic, Park Sang-hyun, President of Doosan Enerbility, is delivering a commemorative congratulatory speech. Photo by Doosan Enerbility
In his congratulatory speech, President Park Sang-hyun said, “Doosan ?koda Power and Doosan have been together for 16 years,” adding, “It was both a fortune and an honor for Doosan to meet ?koda Power in the Czech Republic, a country strong in steam turbine core technology.”
“Last year, Doosan ?koda Power contributed to Team Korea being selected as the preferred negotiator for the new Dukovany nuclear power plant in the Czech Republic, achieving a meaningful result,” he said. “I would like to take this opportunity to express my respect and gratitude to the Czech Republic and Doosan ?koda Power.”
He continued, “Like Symphony No. 9 'From the New World' by the Czech composer Anton?n Dvo??k, Doosan ?koda Power will pioneer a new world in the power generation market,” emphasizing, “To this end, Doosan Enerbility will spare no support and effort to ensure that Doosan ?koda Power becomes a leader not only in the Czech Republic but also in the European power generation industry.”
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