Duksan Techopia shares surged early on September 8, following the announcement of a stock dividend for general shareholders related to the listing of Duksan Electra. Duksan Electra is set to begin supplying energy storage systems (ESS) to North America's largest electric vehicle company, raising expectations for its performance.
According to the Korea Exchange, Duksan Techopia shares were trading at 14,700 won, up 22.70% from the previous trading day as of 9:01 a.m.
On September 7, Duksan Techopia disclosed the results of a shareholder impact assessment and shareholder protection measures related to the listing of Duksan Electra.
The key aspect of the shareholder protection plan is the distribution of approximately 1.45 million shares of Duksan Electra to general shareholders, which represents about 5.1% of the total shares issued by Duksan Electra.
Duksan Techopia plans to maintain a dividend payout ratio of over 10% based on net income for five years following Duksan Electra's listing and is also considering a plan to retire its currently held treasury shares.
Meanwhile, Duksan Electra has recently begun commercial supply of electrolytes to Company A, the largest electric vehicle manufacturer in the U.S.
Company A is a major producer of lithium-ion batteries and a significant consumer of energy storage systems (ESS).
The electrolytes supplied by Duksan Electra are critical materials that directly affect the lifespan, output, and safety of battery cells, with quality verification and mass production approval typically taking several years.
As a result, Duksan Electra has confirmed electrolyte supply agreements with seven customers operating production bases in North America, and this number is expected to increase to nine by 2027. The customer base includes domestic battery companies, global cell manufacturers, joint ventures between automakers and cell producers, and automakers themselves.
Duksan Techopia supplies additives for electrolytes, while Duksan Electra provides the electrolytes, establishing a vertically integrated system from raw materials to finished products.
* This article has been translated by AI.
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