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[Alpha Biz=(Chicago) Reporter Paul Lee] Former Ecopro Group Chairman Lee Dong-chae is serving a prison term for buying and reselling shares in advance before uploading the supply contract information of EcoproBM, a manufacturer of anode materials, to the Financial Supervisory Service's electronic disclosure system between 2020 and 2021. However, 2.5 billion won worth of shares of former chairman Lee, who is serving a prison term, was sold without permission.
On the 24th, Ecopro announced that 2,995 shares of former chairman Lee's Ecopro were sold in the market three times on the 16th, 17th, and 19th.
According to Ecopro, 215 shares sold for 879,000 won on the 16th, 1,000 shares for 851,349 won on the 17th, and 1,740 shares for 838,185 won on the 19th. The total amount of stocks sold is 2.4987 billion won.
Ecopro is known to have been notified of abnormal transactions on the 19th by a large domestic securities firm, the former chairman Lee's trading securities firm.
Ecopro reported it to the police as soon as it recognized it. The report said, "The Internet Protocol (IP) address where abnormal transactions occurred was tracked to China, and the password of former chairman Lee's account has also been changed."
"The police investigation is currently underway," an Ecopro official said. "The disclosure can be corrected depending on the results of the investigation and consultations with related departments."
Upon receipt of the report, the police and financial authorities are currently investigating the facts. The exact background of the stock sale has yet to be determined.
Ecopro claims that former chairman Lee's stock sale is a hacking transaction. However, the securities firm denies it completely.
Meanwhile, Chairman Lee's stake decreased by 0.01 percentage point due to the sale. As of the end of June, Chairman Lee's stake in Ecopro was 18.84%.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
