The Financial Supervisory Service will conduct a focused review of POSCO FUTURE M's 1.1 trillion won capital increase.
According to the FSS on the 14th, the FSS selected POSCO FUTURE M's capital increase plan for focused review.
Focused reviews are a system that reviews capital increase plans that may harm shareholder rights more closely and quickly. This system, introduced in February, aims to enable corporations to quickly ascertain the feasibility of capital increases and allows investors to better understand the potential impacts of such increases.
On the 13th, POSCO FUTURE M announced plans for a 1.1 trillion won capital increase. It will issue 11.48 million shares, which corresponds to 14.8% of the existing shares. The issue price is 95,800 won. The funds secured from the new shares will be invested in the joint venture plant for anode materials in Canada and the expansion of the anode material factories in Pohang and Gwangyang. The goal is to strengthen manufacturing competitiveness for secondary battery materials by expanding the production capacity of anode and cathode materials.
An FSS official noted, "Given the large scale of the capital increase, it was selected for focused review."