SK Discovery Acquires SK D&D Shares for 282.8 Billion KRW
[Asia Economy Reporter Park So-yeon] On the 21st, SK Discovery announced that it will acquire 7,564,389 shares of its affiliate SK D&D for approximately 282.8 billion KRW. After the acquisition, SK Discovery's stake in SK D&D will be 31.3%. The scheduled date for the stock acquisition is the day of the announcement. SK Discovery stated, "The purpose of this stock acquisition is to enhance management efficiency through restructuring the governance and to increase corporate value by resolving business restrictions of the grandchild company."
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