SK On Decides on Third-Party Allocation Paid-in Capital Increase Worth 380 Billion KRW
SK Innovation announced on the 28th that its subsidiary SK On has decided to conduct a third-party allotment paid-in capital increase to raise approximately 380 billion KRW for operating funds and other purposes.
New shares totaling 6,837,240 shares (other shares) will be issued at 55,000 KRW per share.
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The third-party allotment recipients include Korea Investment East Bridge Global Green Energy No.1 Private Equity Fund and Stelliv Battery No.1 Co., Ltd. The company stated that the purpose of the third-party allotment is to "secure investment funds for establishing a global production base."
This content was produced with the assistance of AI translation services.
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