Decision to Invest KRW 86.3 Billion in Chinese Subsidiary for Debt Repayment and Working Capital
SK ie technology decided to contribute CNY 400 million (approx. KRW 86.3 billion) to its 100% Chinese subsidiary SK Hi-tech Battery Materials (Jiangsu) for debt repayment and working capital. Exchange rate applied: 215.76 won/CNY as of board resolution date (Apr 29).
The subsidiary recorded sales of KRW 89.9 billion and net loss of KRW 86.6 billion in 2025 (previous year loss of KRW 76.4 billion). Total assets KRW 683.4 billion, liabilities KRW 300.3 billion, equity KRW 383.1 billion.
The investment represents 3.32% of parent's equity (KRW 2.6 trillion). Cash acquisition. Expected payment date: May 6, 2026.
KOSPI Filing Information
Filing: Decision on Acquisition of Stocks and Investment Securities of Other Corporations