Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Ecopro Materials: Seeking 300 Billion Won in Additional Capital Raise

Ecopro Materials: Announces A Capital Raise Worth 389 Billion Won

Another Block Deal Sale of Ecopro Materials

Douglas Research Advisory

Event-Driven

<ul>
<li>There will be an end of lock up of 46% of EcoPro Materials (450080 KS)'s shares starting 17 May.</li>
<li>Post end of the lock-up, I think it is possible for Ecopro Co to sell a relatively large sized block of Ecopro Materials (3-7%) to raise additional capital for investments. </li>
<li>I am Negative on Ecopro Materials due to the potential for the insiders to sell a partial stake in the company that could further negatively impact its share price.</li>
</ul>


There will be an end of lock up of 46% of EcoPro Materials (450080 KS)'s shares starting 17 May.
Post end of the lock-up, I think it is possible for Ecopro Co to sell a relatively large sized block of Ecopro Materials (3-7%) to raise additional capital for investments. 
I am Negative on Ecopro Materials due to the potential for the insiders to sell a partial stake in the company that could further negatively impact its share price.


Ecopro Materials: End of Lockup of 46% of Outstanding Shares on 17 May