WALRUS PUMP reaches a new milestone! Successfully passed the OTC listing review

WALRUS PUMP (6982) passed the OTC IPO Listing Review Meeting on September 13, 2024 (Friday), reaching a new milestone! It is expected to be listed on the counter by the end of this year.
In this moment of celebration, I would like to sincerely thank every partner who has participated in the development of the company.
Looking into the future, we will continue to uphold the core values ​​of "sunshine, common good, and continuous improvement" and promote WALRUS PUMP to the world step by step.

To become the top 10 pump brands in the world, let us go hand in hand to meet future challenges and success!

WALRUS PUMP (6982-TW), a pump manufacturer and application company with a current share capital of NT$353 million , applied for OTC listing today (13th) and was reviewed and approved by OTC.

WALRUS PUMP is mainly engaged in the research and development, manufacturing and sales of water pumps for domestic and industrial use. The recommended securities companies are South China Yongchang Comprehensive Securities, Sino-Fung Securities, First Gold Securities and KGI Securities.

According to the timetable plan, it will be listed before the end of this year.

​

WALRUS PUMP was founded in 1967. Its main pump products are used in construction, industry, technology and cross-border applications for pumping and pressurizing liquids. Its chairman is Huang, Ching-Feng.

​

OTC pointed out that WALRUS PUMP’s consolidated revenue in 2023 was NT$1.405 billion  , with net income after tax of NT$73.2 million  and earnings per share of NT$2.06 .

In the first half of 2024, the consolidated operating income was NT$813 million , the net profit after tax was NT$64 million , and the net profit per share was NT$1.81 .

​

At the same time, the global factory invested by WALRUS PUMP in Luzhu, Kaohsiung has started construction, with a total project and equipment cost of approximately NT$1 billion, and is expected to be completed and opened in mid-2025.

After the completion of the Kaohsiung Luzhu Global Factory invested by WALRUS PUMP, it will also become another important production base of WALRUS PUMP in Taiwan in addition to the Sanzhi Factory in New Taipei and the Kaohsiung Luzhu Zhengyi Factory.

​

WALRUS PUMP also plans to deploy electric vehicle fast charging charging pile cooling applications and server immersion cooling solutions. Among them, the server immersion cooling solution has made rapid progress.

The last transaction price of WALRUS PUMP in Xingkai today was NT$72.3 .

News reports:https://news.cnyes.com/news/id/5717385