Decision to Invest 24.66 Billion KRW in Subsidiary SNC for Nickel Smelter Working Capital
- Decision to inject 24.66 billion KRW (17 million USD) cash into subsidiary SNC (nickel investment), equivalent to 33.03% of parent's equity.
- Purpose: provide operating funds for SNC and working capital for nickel smelter (PT Fajar Metal Industry) via its parent EII.
- After acquisition, parent's stake in SNC reaches 100% (additional 17,000,000 shares on top of existing 42,010,000 shares).
- SNC is a newly established company; current year assets 365.6 billion KRW, liabilities 304.7 billion KRW (including USD 210 million acquisition financing), equity 60.9 billion KRW, no revenue or net income.
- The transaction supports working capital for PT Fajar Metal Industry, the nickel smelter operator whose 100% stake is held by EII (subsidiary of SNC).
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KOSDAQ Filing Information
- Filing: Decision on Acquisition of Stocks and Investment Securities of Other Corporations
- Company: Sphere (347700)
- Submission: Sphere Corp.
- Receipt: 05-08-2026
- Under KRX KOSDAQ Market Division