Hana Securities announced on the 13th that it has signed a lead underwriter contract with the logistics automation solution systems integration (SI) corporation Assetech, aiming for a listing on the KOSDAQ in the second half of next year.
Assetech is a SI corporation that provides automated warehouse construction, robot-linked solutions, and smart logistics automation systems targeting domestic and international logistics centers and manufacturing sites. Hana Securities explained that Assetech has been accumulating practical references through national projects in collaboration with the Ministry of Trade, Industry and Energy and the Ministry of Small and Medium Enterprises and Startups, showing a steady sales growth over the past three years.
Assetech plans to secure key personnel and expand investments in research and development (R&D) and enter overseas logistics markets through this initial public offering (IPO). CEO Park Jong-seok said, "This is a critical turning point for Assetech to leap as a technology-based solution corporation," and added, "We will grow into a leading company in the Asian logistics market through thorough preparation."
Kwon Seung-taek, head of Hana Securities' ECM Division, said, "I positively assess the company's competitiveness in the smart manufacturing and logistics robotics market."