[Edaily Reporter Lee So-Hyun ] ECOPRO BM CO., LTD.(247540)is investing approximately 627.1 billion won in a capital increase by its local subsidiary in Indonesia. The investment is intended to acquire a stake in a local smelter through the subsidiary and to secure funds for shareholder loans.

ECOPRO BM CO., LTD. announced on the 10th that it has decided to acquire 836,193,370 shares of its Indonesian subsidiary, “PT ECOPRO BNSI INVESTMENT,” for 627.14275 billion won. The acquisition amount represents 24.8% of its equity capital of 2.5239 trillion won.

This share acquisition will be carried out through a cash contribution to the subsidiary’s third-party private placement. ECOPRO BM CO., LTD. will acquire all of the new shares, and following the acquisition, its holdings will total 836,703,370 shares, representing a 99.9% stake.

The scale of the subsidiary’s capital increase, disclosed on the same day, is 627.14275 billion won. The funds raised through the capital increase are scheduled to be used to acquire a stake in the PT BNSI smelter in Indonesia and to secure shareholder loans.

PT ECOPRO BNSI INVESTMENT is an Indonesian investment company established this year, in which ECOPRO BM CO., LTD. currently holds a 51% stake. This capital increase will expand ECOPRO BM CO., LTD.’s controlling interest.

The scheduled date for the final payment for the share acquisition and the rights offering is June 30, 2027. However, the company stated that the schedule and amount are subject to change depending on the progress of the investment.

The investment amount is $462,597,000, calculated using the exchange rate as of the 10th, the date of the board resolution. The actual investment amount in Korean won may vary depending on future exchange rate fluctuations and other factors.