[Asia Economy Reporter Kwon Jaehee] S-Oil announced on the 17th that it has decided to invest in new facilities for the Shahin Project, the second phase of its petrochemical expansion project at the Ulsan plant. The investment amount is 9.258 trillion KRW, which corresponds to 132.5% of its equity capital. The company stated that the investment background is "to strengthen profitability and competitiveness for the company's sustainable growth." Below are the major disclosures released that morning.
▲ Hyundai Home Shopping = The Korea Exchange's KOSPI Market Division requested a disclosure inquiry regarding reports on the sale of shares in Hyundai Rental Care by Hyundai Home Shopping. The deadline for the disclosure is by 6 PM on the 17th.
▲ Hyundai Home Shopping = In response to the Korea Exchange's inquiry disclosure request related to the sale of shares in Hyundai Rental Care, "We are reviewing various methods such as capital expansion through investment attraction to strengthen the business competitiveness of Hyundai Rental Care, where we are the largest shareholder, but nothing has been specifically decided yet," the company stated.
▲ Easytronics = Announced on the 17th that it signed a contract for the installation of the Haemaru and Jangchun No.1 solar power plants. The contract is worth 1.28 billion KRW, which corresponds to 7.2% of the 2021 sales revenue.
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