B&C Tech signs NH Investment & Securities as lead manager, targets 2022 listing
B&C Tech, which takes part in a wide range of domestic defense programs, signed NH Investment & Securities as lead manager and began preparing for a KOSDAQ listing targeted for the end of 2022, it said on the 17th.
The company holds Korea's leading aluminum dip-brazing technology plus military antenna and environmental-control technology, and has achieved stable sales through its cooperation with LIG Nex1. After being acquired by RFHIC's subsidiary Metalife last October, it is expected to grow overseas defense sales.
NH said it expects a virtuous cycle if RFHIC's overseas defense network creates synergy, and that expanding the civilian segment, now about 10% of sales, would make a listing possible. B&C Tech expects sales of KRW 24 billion this year and aims to raise overseas defense and civilian sales to 50% of the total.
[Maeil Business Newspaper, 17 Nov 2020]
