SK Innovation invests 173.7 billion won in cash to a Hungarian subsidiary
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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stockmk2020@alphabiz.co.kr | 2023-04-10 02:30:01
[Alpha Biz=(Chicago) Reporter Kim Jisun] SK Innovation announced on the 7th that its subsidiary, SK Ion, will invest 173.69 billion won in cash in a Hungarian automotive battery manufacturing subsidiary (SK On Hungary Kft.).
This is equivalent to 2.93% of the consolidated equity capital at the end of 2022. The equity ratio after the investment becomes 100%.
The company said the purpose of this measure is to "participate in paid-in capital increase for Global Validation Center (G-VC) investment in the EU."
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