Ecopro BM (KRX:247540), a battery-materials subsidiary, confirmed the first-issue (provisional) price for its ₩1.2 trillion rights offering at ₩89,500 per share on 2 September, a 26.1% discount from the ₩121,200 estimated price set three months earlier. The pricing reflects market repricing of battery-materials stocks and broader equity volatility since the June estimate.
Ecopro BM will finalize pricing on 12 October, with subscription running October 15-16 and payment 23 October. The company will redirect portions of proceeds away from securities acquisitions and toward capex and debt reduction.
Ecopro's market capitalisation was ₩10.4 trillion at Thursday's close, with subsidiary Ecopro BM valued at roughly ₩7.8 trillion at the provisional offer price. The parent company was cut from the stock index last month due to the spin-off.
Battery-materials discount rates widened sharply in August as electric vehicle sales growth decelerated in China and Europe, the largest battery-materials demand centers.
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| Symbol | Last Price |
|---|---|
| 247540Ecopro BM Co., Ltd. | ₩106,000 -0.5% |