PANAGENE Inc. is a Korea-based company mainly engaged in the manufacture of steel wires. The Company operates in two business segments: cold heading quality (CHQ) wire segment and peptide nucleic acid (PNA) segment. Its CHQ wire segment manufactures CHQ wires, which are used for the production of bolts, nuts, screws and others. Its PNA segment develops gene chips for diagnosis. The Company mainly supplies its CHQ wires to Shin Myung Industry Co., Ltd., Kokwang Industry Co., Ltd., SINDO HIGH TECH Co., Ltd. and others. As of December 31, 2011, the Company had one wholly owned subsidiary in China, engaged in the manufacture of nails.
(Source: ARS)