Block Deal Sales of 200 Billion Won Worth of Ecopro Materials by BRV Capital

• After the market close on 20 May, it was reported that Blue Run Ventures (BRV) sold 204.1 billion won (US$150 million) worth of EcoPro Materials in a block deal sale.

• The block deal sale price was 93,000 won, a 9.7% discount to the closing price on 20 May (103,000 won).

• This block deal sale at a big discount is likely to raise overhang concerns about further block deal sales by BRV Capital in the coming years.