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SK Networks Co., Ltd. to sell entire stake in Sky Property Management Limited to SK hynix Inc. and SK Global Chemical Co.,Ltd

Friday, 20 Dec 2013 03:35am EST 

SK Networks Co., Ltd:Says to sell its entire 30 pct stake (11,490 shares) in Sky Property Management Limited, an investment management company based in British Virgin Islands, to collect investment funds and strengthen financial stability.Says 15 pct of the stake will be transferred to SK hynix Inc. and the remaining 15 pct will be transferred to SK Global Chemical Co.,Ltd.Says transaction amount of 224,720,994,870 won in total, or 112,360,497,435 won respectively to the two counter parties.Says expected transaction settlement date of Dec. 24. 

Company Quote

300.0 +2.87%
9:12pm EDT