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[Alpha Biz=(Chicago) Reporter Kim Jisun] Doosan Enerbility will sell part of Doosan Bobcat's stake to finance the investment.
Doosan Enerbility announced on the 20th that it will dispose of 5 million shares (4.99% stake) of its subsidiary Doosan Bobcat through after-hours trading (block deal). It is equivalent to 299.5 billion won based on the closing price of 59,900 won after the closing of the market. As the discount is applied, Doosan Energy will secure up to KRW 281 billion.
The discount rate is 6.18~8.51%, and the order price is 54,800~56,200 won. Korea Investment & Securities Co., the organizer, will receive orders from investors from domestic and foreign institutions by 6 p.m. on the same day and sign a sale before the market opens on the 21st. The payment date is the 23rd of this month.
The mandatory retention period is six months. Korea Investment & Securities will receive a trading commission of 25bps (1bp=0.01% point) as the sole organizer of the deal.
The company said it plans to use the funds raised to finance new growth projects, including small modular reactor (SMR) projects.
After the deal, Doosan Enerbility's stake in Doosan Bobcat will fall from 51.05% to 46.06%. It maintains its position as the largest shareholder.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
