[Apha Biz=(Chicago) Reporter Paul Lee] SK Innovation announced on the 15th that a subscription margin of 9.5584 trillion won was received for a general public offering of 141 billion won for general investors on the 14th and 15th of this month. The competition rate for subscription is 67.8 to 1. The contest was held for 1,013,336 disqualified shares.

On the 11th and 12th of this month, SK Innovation received 7,179,664 shares, including 295,806 shares, out of 8.19 million shares, recording nearly 90% (87.7%).

Since the issuance price per new share is KRW 139,600, a total of KRW 1 trillion was secured early on for employee stock ownership and old shareholders.

SK Innovation has also successfully secured a total of 1.14 trillion won through this paid-in capital increase by stably completing the subscription for the general public offering and raising an additional 141 billion won.

SK Innovation is regarded by the market as a company with stable and high growth potential as it has business subsidiaries such as oil refining, chemicals, electric vehicle batteries and lubricants.

SK Innovation has announced its willingness to secure future growth engines by using 827.7 billion won, which is more than 70% of the amount of paid-in capital increase, to invest in the future energy sector and create a foundation for research and development (R&D).

 

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