Eco Materials. (Photo = Eco Materials homepage).

 

[Alpha Biz= Reporter Kim Sangjin] On the 21st, EcoPro Materials experienced a sharp drop of over 12% due to concerns about overhang (potential large-scale selling).

On this day, EcoPro Materials closed at 90,100 won on the Korea Exchange, down 12.52% from the previous trading day.

The previous day's closing price was 103,000 won, but following the announcement after market close about the second-largest shareholder BlueRun Ventures (BRV) selling its stake, the stock opened at 97,000 won and continued to decline by around 10% throughout the day.

Trading volume for EcoPro Materials on this day was 1,165,936 shares, about 2.4 times the previous trading day's volume of 479,934 shares.

BRV, a company represented by Yoon Kwan, the eldest son-in-law of the LG family, reportedly sold 150 million dollars (approximately 204.1 billion won) worth of shares in EcoPro Materials the previous day.

 

 

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