SK Gas Decides to Acquire Ulsan GPS Shares Worth 105 Billion KRW

[Asia Economy Reporter Moon Hyewon] SK Gas announced on the 21st that it has decided to acquire 21 million shares of its affiliate Ulsan GPS.

The acquisition amount is 105 billion KRW, which corresponds to 5% of its equity capital. After the acquisition, the shareholding ratio will be 99.5% (68,624,700 shares).

The scheduled acquisition date is May 12.

The company explained the purpose of this acquisition as "to secure operating and investment funds for the promotion of Ulsan GPS's power generation business."

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