KP Aerospace Industries surged to its upper limit on the first day of its KOSDAQ merger listing.
According to the Korea Exchange, as of 9:12 a.m. on May 19, KP Aerospace Industries was trading at 43,850 won, up 10,100 won (29.93%) from its listing price of 33,750 won. The stock hit the maximum price limit shortly after the market opened.
The Korea Exchange approved the merger listing of KP Aerospace Industries on May 15, with trading commencing on May 19.
KP Aerospace Industries entered the KOSDAQ market through a merger with NH Special Purpose Acquisition Company No. 30. The reference price was set at 33,750 won, with a par value of 500 won. NH Investment & Securities acted as the listing underwriter.
Founded in June 1990, KP Aerospace Industries manufactures aircraft, spacecraft, and components. The company is headquartered in Jinrae-myeon, Gimhae, Gyeongsangnam-do, and focuses primarily on the production of aerospace and defense structures. It employs 454 people.
The company's representatives are Kim Jong-pan and Yoon Seung-wook. Major shareholders include Yoon Gi-hyung (16.26%) and 14 others (51.49%).
KP Aerospace Industries has established a global supply chain by collaborating with domestic and international clients, including Korean Air, Korea Aerospace Industries (KAI), and global aircraft manufacturers.
Last year, the company reported consolidated revenues of 53.98 billion won, with operating profit and net profit amounting to 2.639 billion won and 1.555 billion won, respectively.
* This article has been translated by AI.
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