This article was posted on 04/07/2022 at 08:18 The Bell Paid PageThis is an article published in .
Kwanglim, a KOSDAQ-listed company, announced on the 7th that it would secure a financing window for the acquisition of Ssangyong Motor and take active steps. However, the specific funding method will be disclosed through public announcement in the future.
The acquisition will be financed through KB Securities and Eugene Investment & Securities. The amount of funding is said to be around 450 billion won.
In this regard, Kwanglim said that investment proposals from many investors are continuing. Kwanglim, which showed confidence in raising funds, plans to actively acquire Ssangyong Motor along with its affiliates Nanos and Ssangbull.
Kwanglim has been working hard to discover new growth engines before preparing to take over Ssangyong Motor. In July of last year, RideCell of the United States and the world’s first ‘IoT automation and mobility platform’ development project for special industrial vehicles also started.
Ridecell is a startup that develops vehicle management software such as autonomous vehicles and shared vehicles. Toyota, LG Technology Ventures, Denso, and Activate Capital participated as investors. It successfully provides fleet operations management systems in North American cities. Kwanglim has prepared a comprehensive control platform that efficiently manages vehicle operation and condition through strategic alliance with Ride Cell.
In September of the same year, it entered the electric and hydrogen special vehicle business in partnership with Giga Carbon Neutality (GNC), a Canadian transportation solution provider. By transferring the GCN technology license, the company plans to start the electric and hydrogen special vehicle business in earnest.
A Kwanglim official said, “If the new businesses we have prepared so far meet with automakers, we expect to create great synergy.” “As the size of the acquisition is large, we are proceeding carefully in stages, so concerns in the market will disappear soon,” he added.
In this regard, SsangBall Group also expressed its position on Mirae Industry’s recent sale of IOK Company stock. An official from Ssangbangbang Group explained, “The sale of Mirae Industrial’s stock this time is a sale at a loss.”
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