EcoPro Materials Submits Preliminary Listing Review Application

EcoPro's subsidiary, EcoPro Materials, has filed for a review to be listed on the KOSPI market within this year.

The Korea Exchange announced on the 27th that EcoPro Materials has submitted an application for preliminary listing review. The lead underwriters for the listing are Mirae Asset Securities and NH Investment & Securities.

The preliminary listing review is a process in which the exchange examines the eligibility of companies wishing to be listed, based on submitted documents, interviews with responsible personnel, and on-site inspections. Once a company passes the preliminary review by the exchange, it submits a securities registration statement to the Financial Services Commission and proceeds with the public offering.

EcoPro Materials manufactures high-nickel precursors, one of the core materials for cathodes in secondary batteries. Last year, its sales increased by 94% compared to the previous year, reaching 665.2 billion KRW, and operating profit rose by 140% to 39 billion KRW.

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