Ecopro Listing Countdown… Judicial risk is a variable

COMPANY / Reporter Kim Jisun / 2023-04-12 15:31:36
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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[Alpha Biz=(Chicago) Reporter Kim Jisun] EcoPro Materials, a subsidiary of EcoPro, has begun to be listed on the stock market.

According to the financial investment industry on the 12th, Eco-Promaterials is scheduled to submit an application for listing preliminary screening to the Korea Exchange at the end of this month. Mirae Asset Securities and NH Investment & Securities were in charge of listing.

Ecopromaterials is a company that makes high-nickel precursor, one of the key materials of high-nickel anode materials for secondary batteries.

Sales rose 94 percent on-year to 6,652 billion won last year and operating profit rose 140 percent to 39 billion won.

The value of Eco Materials is expected to reach up to 5 trillion won.

However, there are concerns that judicial risks are the key, as Ecopro has been raided by the Financial Services Commission's special judicial police on charges of stock trading for more than last month.

The submission of the request for a preliminary listing review is the first step toward full-fledged listing, and the actual listing is expected to take place in the second half of the year once the relevant procedures are completed safely.

 

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)

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