In today’s briefing:
- Ecopro Materials: Seeking 300 Billion Won in Additional Capital Raise
Ecopro Materials: Seeking 300 Billion Won in Additional Capital Raise
- It has been reported in the local media that EcoPro Materials (450080 KS) is seeking about 300 billion won in additional capital which represents about 5% of its market cap.
- There could be concerns about dilution associated with this capital raise which could result in share price decline. The company is currently considering on issuing RCPS for this capital raise.
- There could be additional concerns about potential dilution associated with this capital raise which could result in further share price decline for Ecopro Materials.
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