Sphere Nickel Cobalt Pte. Ltd., subsidiary of SPHERE Corporation, decides on KRW 24.6 billion rights offering
- Subsidiary Sphere Nickel Cobalt Pte. Ltd. (SNC) decides on a rights offering of 17,000,000 common shares at KRW 1,450 per share, raising approximately KRW 24.6 billion
- Proceeds will be used for operating funds (KRW 9.26 billion) and other funds (KRW 15.4 billion), including working capital investment in an Indonesian nickel smelter project
- Parent company SPHERE Corporation (100% stake) will subscribe to all new shares, maintaining 100% ownership post-offering
- SNC was established in October 2025; as of end-2025, total assets are KRW 2.28 billion, representing 2.39% of consolidated assets
ADVERTISEMENT (250px+)
KOSDAQ Filing Information
- Filing: Decision on Paid-in Capital Increase (Major Management Matters of Subsidiary)
- Company: Sphere (347700)
- Submission: Sphere Corp.
- Receipt: 05-08-2026
- Under KRX KOSDAQ Market Division