Ecopro Co., Ltd. (KOSDAQ:086520) has said it will subscribe for more than 120% of its allocation in EcoPro BM's ₩1.2tn rights issue, with the record date on September 4.
Ecopro filed an amendment to subsidiary EcoPro BM's rights offering disclosure.
Ecopro BM (247540) set the first (provisional) price for its ₩1.2 trillion rights offering at KRW 89,500 a share, the company said in a filing, down 26.1% from the KRW 121,200 estimated when the raise was announced on June 30.
| Period | 086520 | KOSDAQ | Difference |
|---|---|---|---|
| 1 week | -8.6% | -3.0% | -5.7% |
| 1 month | +0.5% | +4.2% | -3.7% |
| 3 months | -36.0% | -22.5% | -13.5% |
| 6 months | -38.4% | -16.9% | -21.6% |
| Year to date | -9.3% | -12.1% | +2.8% |
| 1 year | +64.5% | +1.0% | +63.5% |
Closed at 26% of the way from its 52-week low (₩46,550) to its 52-week high (₩185,000).
Ecopro (KOSDAQ:086520) filed an amendment, as parent company, to subsidiary EcoPro BM's rights-issue disclosure, confirming the first (provisional) issue price at ₩89,500 per share versus the ₩121,200 originally estimated on June 30 — a 26.1% cut. The final price is still to be confirmed October 12, with subscription October 15-16 and payment October 23. The amendment also trims how EcoPro BM will use the proceeds: the "other-company securities acquisition" bucket — the money Ecopro's own board pledged to help fill via its 120%+ oversubscription commitment — falls from ₩915.0bn to ₩886.1bn planned, while separate facility-fund (₩150.0bn) and working-capital (₩135.0bn) lines shown in the prior version are both zeroed out in this correction, meaning the shrinking headline raise is being absorbed entirely out of the "buy securities in other companies" bucket rather than spread across uses. EcoPro BM is a "major subsidiary" whose ₩4.88tn of assets equal 49.92% of Ecopro's own consolidated ₩9.78tn asset base, which is why Ecopro must report EcoPro BM's material events under Korea's subsidiary-disclosure rule.
Ecopro is the holding company of a battery-materials group, with its value concentrated in a controlling stake in cathode maker Ecopro BM and in affiliates that produce precursors and recycle lithium. The group's pitch is a closed loop running from raw material through cathode and back through recycling inside one industrial cluster. Its shares became a symbol of Korean retail enthusiasm for EV materials, and of how violently that enthusiasm can reverse. US investors usually meet it as the parent behind a supply chain built for American incentive rules.
| Sector | Batteries | Employees | |
| Market | KOSDAQ | Founded | |
| Korean name | 에코프로 | Head office |
| Symbol | Last Price |
|---|---|
| 373220LG ENERGY SOLUTION, LTD. | ₩358,500 -1.9% |
| 006400SAMSUNG SDI CO.,LTD | ₩548,000 +1.7% |
| 003670POSCO Future M Co., Ltd. | ₩183,600 -0.1% |
| 247540Ecopro BM Co., Ltd. | ₩106,000 -0.5% |
| 066970L&F Co., Ltd. | ₩121,300 +0.3% |
| 007340DN Automotive Corporation | ₩45,100 -2.0% |
| 450080Ecopro Materials | ₩35,850 +1.8% |
| 004490Sebang Global Battery | ₩64,400 -3.2% |