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  • Ecopro subsidiary to improve financial structure through stock sales and capital increase
    Ecopro subsidiary to improve financial structure through stock sales and capital increase
    Ecopro Co (086520) will obtain 20 billion shares of its affiliate BM Holding at 20 billion won ($17 million), it announced on June 15. The primary cells and batteries manufacturer’s subsidiary Ecopro BM will increase its capital to finance 30 billion won for equipment by issuing stocks with third-party allotment to BM Holding, it said in a separate statement.
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Ecopro subsidiary to improve financial structure through stock sales and capital increase

June 15, 2016 - 16:14 By 황유미
[DISCLOSURE] Ecopro Co (086520) will obtain 20 billion shares of its affiliate BM Holding at 20 billion won ($17 million), it announced on June 15.
The primary cells and batteries manufacturer’s subsidiary Ecopro BM will increase its capital to finance 30 billion won for equipment by issuing stocks with third-party allotment to BM Holding, it said in a separate statement.
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