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[Alpha Biz=(Chicago) Reporter Kim Jisun] SK Group's investment holding company, SK, will participate in SK Innovation's paid-in capital increase.
SK announced on the 29th that it will participate in the capital increase of SK Innovation.
The innovation's total paid-in capital increase amounts to about 1.3 trillion won. SK㈜ is the largest shareholder with a 34.9% stake in SK Innovation and has been allocated 2.4 million shares of new shares. It is about 380 billion won in terms of the estimated issuance price of 158,900 won. After the paid-in capital increase, SK's stake will be reduced by 0.4% point (p) from 34.9% to 34.5%.
The innovation plans to invest 951.4 billion won (about 70%) in future energy investment and research and development (R&D) infrastructure.
SK Innovation plans to maintain the amount of investment to find future growth engines as planned, even if the total size of the paid-in capital increase, which will be finalized, is confirmed to be smaller than scheduled.
The size of the final capital increase and the issuance price will be decided on the 6th of next month. The old shareholders' subscription will be held from the 11th to the 12th of next month, and if disqualified shares occur, the general public subscription will be held from the 14th to the 15th, and the listing of new shares will be completed in early October after paying the capital increase on the 19th.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
