SK Considering 100 Billion Won Investment in AirAsia
Received Proposal to Invest 10% Stake in AirAsia
[Asia Economy Reporter Han Jinju] SK Group is considering investing 100 billion KRW in AirAsia, a Malaysian low-cost carrier (LCC).
According to SK Group on the 4th, SK Southeast Asia Investment Corporation received an offer to acquire a 10% stake in AirAsia. The price for acquiring the 10% stake is a total of 33.042 million ringgit (approximately 95.2 billion KRW).
AirAsia is known to be raising funds from local banks and institutional investors to overcome financial difficulties caused by the COVID-19 pandemic.
SK stated, "We have received a proposal for equity investment from AirAsia and are reviewing it, but nothing has been finalized."
Industry insiders interpret that SK is reviewing the investment based on the growth potential of related digital businesses rather than entering the aviation industry.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
SK Southeast Asia Investment Corporation is an investment platform established by SK, SK Innovation, SK Telecom, SK E&S, SK Hynix, etc., and has previously invested in Vietnam's Masan Group (9.5% stake) and Vingroup (6.1% stake).
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
