Ecopro Co., Ltd. (KOSDAQ:A086520) made a tender offer to acquire an additional 40% stake in Ecopro Hn. Co., Ltd. (KOSDAQ:A383310) for approximately KRW 680 billion on September 8, 2021. Pursuant to the terms of the tender offer, Ecopro Co., Ltd., shall acquire around 6.12 million shares at KRW 110,500 per share.

It is not a 'cash purchase method' in which cash is paid to the existing shareholder of Ecopro Hn. Co., Ltd.'s registered common stocks that have responded to the tender offer, but a 'in-kind equity issuance commission method' in which Ecopro Co., Ltd.'s registered common stocks are issued and issued. If the total number of stocks submitted is less than the expected number of stocks to be purchased, all stocks are purchased.

If the tender offer is fully subscribed, stake of Ecopro Co., Ltd., in Ecopro Hn. Co., Ltd., will increase from around 1.63% to 41.63%. The tender offer period will commence from October 13, 2021 and shall last till November 1, 2021.

Daishin Securities Co., Ltd., is acting as the agent to the offer.