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.
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."
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