Photo = EcoPro Materials

 

 

[Alpha Biz= Reporter Kim Jisun] EcoPro Materials (450080) has canceled its plan to acquire shares in a joint venture (pCAM) for producing secondary battery precursors, initially planned with an investment of 82.7 billion KRW.

The company announced on the 18th, "The establishment of the pCAM JV has been canceled, leading us to withdraw the previous decision to acquire shares." The original plan was to acquire a 25.5% stake for 82.7 billion KRW.

EcoPro Materials explained, "Due to regulatory interpretations related to the pCAM JV establishment and changes in the business environment, we have determined that securing sufficient business viability is challenging. As a result, we have ultimately decided to cancel its establishment."

 

 

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