[Alpha Biz=(Chicago) Reporter Kim Jisun] Global general trading company STX announced on the 20th that it has decided to increase its paid-in capital by KRW 80 billion to expand its secondary battery supply chain and expand its "TROLLYGO" business globally.

The paid-in capital increase will be carried out through a general public offering of disqualified shares after shareholder allocation. The newly issued shares are 7.36 million common shares, and the final issuance price will be announced on December 6. The new shares are scheduled to be listed on January 5 next year after applying for a general public offering with existing shareholders.

A STX official said, "APC Mercury, a major shareholder, will also participate in the capital increase of more than 10 billion won."

STX plans to use the secured funds as purchase funds to expand the supply chain for secondary battery materials such as nickel, lithium and graphite. In particular, STX completed the establishment of a corporation in Indonesia, the world's No. 1 nickel reserves, recently applied for related licenses, and will start nickel sales and transportation business there from January next year when licenses are expected to be issued.

In addition, funds will be invested with the aim of expanding the global market of the global B2B platform Trolleygo, which is scheduled to be launched next month, and expanding the wood pellet logistics hub, which is attracting attention as new renewable resources.

 

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