[Special Stock] SK Biopharm Rebounds in One Day After Block Deal Shock
[Asia Economy Reporter Song Hwajeong] SK Biopharm succeeded in rebounding just one day after a sharp drop caused by the block deal shock.
As of 9:10 a.m. on the 25th, SK Biopharm is trading at 125,500 won, up 3,500 won (2.87%) from the previous day.
On the previous day, SK Biopharm closed at 122,000 won, down 17.29%, following the news of a block deal worth 1.1 trillion won by major shareholder SK. This is the lowest closing price since its listing in July last year.
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SK announced that it will sell 11% (8.6 million shares) of its SK Biopharm stake through a block deal worth 1.1163 trillion won to secure investment funds for new growth engines. After the sale, SK's stake in SK Biopharm will be 64.02%.
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