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– The total number of public offering shares is 8,302,321…Desired public price per week KRW 10,700 to KRW 13,700
Hancom Lifecare (CEO Woo Joon-seok), Korea’s leading safety equipment company, submitted a securities report to the Financial Services Commission on the 30th and began the public offering process for listing the stock market (KOSPI).
Hancom Lifecare, which marks its 50th anniversary this year, is a company that supplies related equipment to the fire and defense industries and related public institutions, and has been incorporated into a subsidiary of Hancom Inc. (CEO Byun Sung-joon) since 2017.
The total number of public offering shares of Hancom Lifecare is 8,302,321 shares, and the desired public offering price per share is 10,700 won to 13,700 won, with up to 113.7 billion won scheduled for public offering.
The demand forecast will be conducted from the 29th to the 30th of next month to confirm the final public offering price, and based on this, the general public offering will be held for two days on August 5th and 6th. It is scheduled to be listed in mid-August, with Mirae Asset Securities Co. as its chief organizer.
Hancom Lifecare succeeded in developing its own air respirators for the first time in Korea and has unique competitive edge that accounts for 96% of South Korea’s air respirator market by supplying various safety equipment and products based on 50 years of accumulated technology. It also stands out in the Personal Protective Equipment (PPE) market, which has recently attracted attention due to large-scale natural disasters, diseases and safety accidents.
It is also designated as a defense company and is actively leading the market in industrial safety and defense, developing and continuously supplying K5 gas masks, a new gas mask for military use.
In the future, it plans to become a total safety platform company by pushing for diversification of businesses such as firefighting and industrial safety platforms, scientific engagement training systems, diagnostic kits, and digital healthcare.
“Hancom Lifecare, which was established in 1971 and has been leading the domestic safety equipment market, has been working on developing and supplying advanced safety equipment through ICT technology convergence,” said Woo Joon-seok, CEO of Hancom Lifecare.