Korea Exchange approves KOSDAQ listing preliminary review for TNE Korea, Ucast, and Ellis Group

(Seoul = Yonhap News) Reporter Kim Yu-hyang = The Korea Exchange KOSDAQ Market Headquarters announced on the 20th that it has approved the preliminary review for listing of three companies, including TNE Korea, Ucast, and Ellis Group.

TNE Korea is a general-purpose machinery manufacturing company established in 2014, and its main products include eco-friendly industrial turbo machines.

Last year, on a consolidated basis, it posted sales of 23.448 billion won and an operating loss of 1.87 billion won. TNE Korea's listing manager is Shinhan Investment & Securities.

UCast is a communications and broadcasting equipment manufacturing company established in 2011. Its main focus is LTE and 5G communication equipment.

Last year, the company recorded sales of 5.934 billion won and an operating loss of 1.826 billion won on a consolidated basis. Eugene Investment & Securities is arranging the listing.

Ellis Group is a software development and supply business established in 2015, with AI (artificial intelligence) education and cloud as its main products.

On a consolidated basis, it recorded sales of 39.513 billion won and operating profit of 5.182 billion won last year. Mirae Asset Securities and Samsung Securities are hosting the listing.

Meanwhile, the Korea Exchange approved the new listing of Near Lab, a software development and supply company, on the KOSDAQ market.

Trading for Nears Lab will begin on the 24th, and the public offering price is 41,200 won.

Nears Lab was founded in 2015 and focuses on wind turbine inspection solutions.

Last year, on a consolidated basis, it had total sales of 6.658 billion won and an operating loss of 16.68 billion won.