SK Discovery, SK Gas Announces Tender Offer Decision
[Asia Economy Reporter Hwang Junho] SK Discovery announced on the 17th that it will publicly tender offer 461,512 shares of SK Gas (5% of the total issued shares) at 109,000 KRW per share. The tender offer period is from today until the 5th of next month.
SK Discovery stated, "If the number of shares tendered is less than the planned purchase quantity, the tender offeror intends to purchase all shares. If the number of shares tendered exceeds the planned purchase quantity, the purchase will be made on a pro-rata basis." The tender offer payment will be made in cash.
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As a result of this measure, SK Discovery's stake in SK Gas will increase from 67.20% to 72.20%.
This content was produced with the assistance of AI translation services.
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