[Featured Stock] EcoPro BM Surges Over 10% Following Announcement of Paid and Free Capital Increase

[Asia Economy Reporter Kwon Jae-hee] The stock price of EcoPro BM, a secondary battery material company, is showing a strong rise of over 10%. It has been on an upward trend following the announcement of a large-scale fundraising plan.

As of 10:25 AM on the 8th, EcoPro BM's stock price is 474,700 KRW, up 10.37% compared to the previous trading day.

During the trading session, the price reached a high of 492,100 KRW but gave up some of the gains.

Earlier, on the 6th, EcoPro BM announced a decision to conduct a paid-in capital increase. The plan is to issue 1,611,344 new shares to raise a total of 500 billion KRW. This will be carried out through a rights offering to existing shareholders followed by a general public offering of any unsubscribed shares.

Of this amount, 470 billion KRW is planned to be used for overseas expansion. EcoPro Global will be established as a subsidiary, under which EcoPro Europe and EcoPro America will be set up, with an investment of 200 billion KRW each.

Additionally, a stock dividend will be issued at a ratio of 3 common shares per 1 share held. The record date for the stock dividend is June 28, and the expected listing date is July 15.

This content was produced with the assistance of AI translation services.