[Alpha Biz=(Chicago) Reporter Kim Jisun] SK Innovation announced on the 23rd that it voted for a 1.18 trillion won paid-in capital increase at the board meeting.

The planned issuance price is 143,800 won per share, and 8.19 million new shares (8.7% capital increase rate) will be issued. The final issuance price is scheduled to be finalized in September. The paid-in capital increase will be carried out in the form of a general public offering of disqualified shares after shareholder allocation.

Kim Joon, vice chairman of SK Innovation, explained the background of the project directly through a shareholder letter after the disclosure of the paid-in capital increase. "In the course of the company's carbon-to-green innovation, we are making large-scale investments in the green business, including the battery business," he said. 

 

"We have decided to make a paid-in capital increase to accelerate the development of next-generation small module nuclear reactors, hydrogen and ammonia to accelerate the conversion of the green business, and secure related R&D capabilities and secure a sound financial structure."

 

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