[Alpha Biz=(Chicago) Reporter Kim Jisun] Although SKC is restructuring its business unit by selling it one after another, its stock price has fallen to its lowest level in about three years.

SKC announced on the 13th that its subsidiary SK Npulse has decided to sell its wet chemical business and cleaning business operating in China.

The sale target is about 88 billion won with a 75% stake in the wet chemical business corporation held by SK enpulse and a 90% stake in the tax business corporation.

SKC is reorganizing its business portfolio around secondary battery materials to overcome poor performance. Earlier, SKC signed a memorandum of understanding to sell Fine Ceramic, which produces semiconductor equipment materials for SK enpulse, to private equity fund operator Hahn & Company. The sale is also aimed at reorganizing its business around high value-added semiconductor materials and components.

Despite the move, stock prices remain weak. SKC shares closed at 78,400 won per share, down 5.31% from the previous trading day. It is the first time in about 34 months that SKC shares have fallen below the KRW 80,000 mark since November 2020.

 

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