SKC Decides to Acquire 38.6 Billion KRW Stake in UK Investment Subsidiary
[Asia Economy Reporter Minwoo Lee] SKC announced on the 1st that it has decided to acquire 80% (800 shares) of the investment-specialized subsidiary SK NEX Investment (tentative name) for 38.6 billion KRW in cash. The company explained, "This acquisition was decided to invest in a UK company possessing next-generation anode material technology."
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SK NEX Investment is a company to be established in the UK this month, with SKC and BNW Investment each contributing capital. SK NEX Investment and financial investor SJL Partners plan to establish SK NEX Holdings in the future, through which they will invest 80 million USD in the UK silicon anode material technology company Nexeon Limited.
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