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[Alpha Biz=(Chicago) Reporter Paul Lee] Eco-Promaterials conducted a two-day general subscription from the 8th to the 9th and recorded a competition rate of 70 to 1. The subscription margin was estimated at about 3.67 trillion won, and the number of subscriptions reached 381,625.
Eco-Promaterials made a demand forecast for five business days from the 30th of last month to the 3rd of last month. The public offering price is set at 36,200 won. Demand forecasts were participated by 1,141 institutional investors from home and abroad.
The Eco-Pro Materials employee stock ownership union has digested all of its allocated supplies. The average subscription price per employee stock ownership union is 158 million won.
Eco-Promaterials plans to use the funds secured through the public offering to invest in additional factories and other facilities and purchase raw materials. Expand production capacity to meet the demand for precursor to grow along with the growth of eco-friendly battery market.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
