Ecopro confirms subsidiary's rights offering terms

Ecopro filed an amendment to subsidiary EcoPro BM's rights offering disclosure. The company reconfirmed the first issue price at ₩89,500 per share and adjusted the allocation of how the money will be used, reported DART.

The amendment reflects market price discovery during the capital raise preparation period. Ecopro, as the controlling shareholder, filed supporting disclosure showing how it authorized the ₩1.2 trillion capital raise through EcoPro BM. The final issue price is scheduled for October 12.

Ecopro is an advanced materials company focused on battery precursor chemicals. The company specializes in lithium compounds and specialty materials for semiconductor and battery industries worldwide.

Sources

  1. DART
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