NanoSilican Advanced Materials announced on the 21st that its largest shareholder, Dream Castle General Construction, will transfer 1,037,429 shares to Silican (CEO Choi Jaekwon).
The total acquisition amount is 2.1 billion KRW, with a price per share of 2,024 KRW. This is approximately 14% higher than the previous day's closing price of 1,782 KRW. The company explained, "This premium reflects our strong confidence in realizing the future value of our new secondary battery business."
Silican has secured groundbreaking proprietary and process technologies based on over a decade of research and development in triple-composite silicon anode materials for secondary batteries. Over the past eight months, the company has laid the foundation for its new business by introducing research personnel, patents, and key core equipment into NanoSilican Advanced Materials.
A representative from NanoSilican Advanced Materials commented on the future schedule, stating, "Due to existing NDAs (Non-Disclosure Agreements) signed with major cell makers, we cannot disclose details, but most of the equipment setup for production has been completed," adding, "We plan to announce further details soon through an investor relations (IR) presentation."
They further emphasized, "Silican's decision to acquire shares at a price higher than the market price will serve as an opportunity to further strengthen market trust in the success of our new business."
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