Ecopro BM to raise 500 bln won via stock sale

Ecopro BM-capital increase

Ecopro BM to raise 500 bln won via stock sale

SEOUL, April 6 (Yonhap) -- Ecopro BM Co. on Wednesday announced that it will sell stocks to raise 500 billion won(US$410.4 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.

According to a regulatory filing, the company will issue some 1.61 million common shares at a price of 310,300 won per share. The stocks will be sold to the firm’s shareholders.

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