Flotron
Co., Ltd. expands the capital by issuing new shares. By attracting investments
through issuing new shares, Flotron will put efforts in obtaining domestic
contracts as well as securing the foreign clients.
Flotron
is a specialized flow measuring company that has been designing and producing
the flowmeter and flow measuring system for the last 30 years. It obtains the
best flow measuring technology in domestics since it has introduced new
technologies from globally renowned companies of flow measuring and controlling
devices and makes the partnership with them.
In
particular, it established its own flow measuring laboratory in 1994 and
maintains the steady research skills. Therefore, it could have secured its
position in the industry since it was pointed as the national revising
institute which conducts the actual liquid testing as the flowmeter
manufacturing company. In recent days, it gains the order of flow certifying
system in Ulsan region and has approved its competitive edge of the technology.
OHSUNG
Investment Ltd. is the financial investor (FI) of Flotron. However, with the
recent issue of new shares, OHSUNG Investment outranked the share rate of Korea
Technology Finance Cooperation, which is the 2nd biggest
shareholder, and becomes the 2nd biggest shareholder of Flotron.
Before this Hana Bank invested CB (Convertible Bond; 4,000KRW/1 share of
convertible price) and the attention from various institutes is increasing.
The
source says “the company is preparing to expand the business. The priority goal
is to increase the product competitiveness and price competitiveness by
strengthening R&D capability through securing the funds. Also in the
future, Flotron is preparing to go on public in the stock market based on the
mutual cooperation of MIRAE OHSUNG HOLDINGS Ltd. which is the partner company
of OHSUNG Entertainment.”
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