Photograph) Panoramic view of Gaon Cable's Gunpo plant


■ 0.8 bonus shares to be allotted per common share  
■ Expected to expand investor base and improve liquidity  
■ Expanding AI data center power infrastructure business


Gaon Cable (CEO Jeong Hyun) announced on the 17th that its board of directors had resolved on the afternoon of the 16th to conduct a bonus issue to enhance shareholder value and expand its investor base. 

The record date for the new shares will be July 1, and 0.8 will be allotted per common share. With this, the total number of issued shares will increase from 16,543,115 to 29,777,607. 

The aim of the bonus issue is to share performance related to the growing AI data center power infrastructure market with shareholders. By increasing the number of outstanding shares, it is also expected to stimulate trading and expand the investor base. 

Gaon Cable has recently been strengthening its AI data center power infrastructure business. With power solutions such as cables, cable buses, and busducts that encompass transmission and distribution, the company is accelerating its penetration into the North American market alongside its US subsidiary, LSCUS. 

With revenue from supplying power infrastructure to global big tech and generative AI companies expanding to trillions of won, the company has secured a new growth engine. 

"This bonus issue represents a decision to share the company's growth with its shareholders," said Jeong Hyun, CEO of Gaon Cable. "We will continue to focus on the AI data center power infrastructure market while simultaneously enhancing corporate and shareholder value." 

Buoyed by increased exports from expanding US AI data center investments and the accelerating growth of LSCUS, Gaon Cable achieved its highest-ever first-quarter results this year, with revenue and operating profit increasing by 19.4% and 27.2% year-on-year, respectively.