SK Gas "Additional Acquisition of Singapore Subsidiary Shares for 105.3 Billion KRW"

[Asia Economy Reporter Seongpil Cho] SK Gas, a KOSPI-listed company, announced on the 27th that it will additionally acquire 81 million shares of its Singaporean LPG import-export subsidiary (SK Gas International Pte.) for 105.3 billion KRW.

After the acquisition, the shareholding ratio will be 100%.

SK Gas stated that the purpose of this stock acquisition is "to provide investment funds for promoting the gas chemical business (PDH/PP) in Saudi Arabia."