Pino Decides on 15 Billion Won Paid-in Capital Increase for Cosmo Advanced Materials & Technology
Pino, a company specializing in secondary battery materials, announced on August 31 that its board of directors has decided to allocate 15 billion won in a third-party paid-in capital increase to Cosmo Advanced Materials & Technology. The scheduled payment date is September 7.
Cosmo Advanced Materials & Technology is a specialized manufacturer of cathode active materials for secondary batteries.
Through this paid-in capital increase, Pino plans to secure funds to expand its secondary battery materials business.
Pino is expanding its business scope based on its nickel, cobalt, and manganese (NCM) precursor business. Recently, it has also broadened its business portfolio to include lithium iron phosphate (LFP) cathode materials.
The company is also working to strengthen its competitiveness in the secondary battery materials industry by establishing an LFP cathode production facility in Pohang, North Gyeongsang Province, through its subsidiary CNP New Material Technology.
Hot Picks Today
"Is This Serious? Should I Go Back to Korea?"... New U.S. Internship Guidelines Put International Students on Edge
- "Driverless" Chinese Robotaxis to Run Freely on Seoul Roads: Up to 200 Vehicles as Early as 2028
- "Even Urine Melted the Glacier": Everest Climbers Melted 2,500 Tons of Ice in One Season
- One Out of Four Japanese Travelers Chooses Korea; July Surge Driven by Chinese Tourists
- Lee Junseok: "Why Is President Lee Provoking 'Radfems' Again? You Might as Well Go Pro-North"…Backlash Over Yong Hyein's Nomination
A company representative stated, “We will do our best to enhance shareholder value by strengthening our business competitiveness and achieving continuous performance growth.”
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
