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
KOSDAQ Filing Information
Filing: Decision on Paid-in Capital Increase (Major Management Matters of Subsidiary)