EcoVance Decides on 79 Billion KRW Capital Increase Against SKC

[Asia Economy Reporter Hwang Yoon-joo] EcoVance, a subsidiary of SKC, announced on the 7th that it has decided to conduct a rights offering worth 79 billion KRW to raise facility funds.

EcoVance explained that it will receive PBAT and PBS production technology and related intellectual property rights held by its largest shareholder SKC, and in return, all newly issued shares (7,900 shares) issued by EcoVance Co., Ltd. will be allocated to SKC as an in-kind contributor.