SK Discovery subsidiary SK Plasma acquires remaining stake in Indonesian plasma fractionation plant for 47.5 billion KRW
SK Discovery's subsidiary SK Plasma is acquiring the joint venture partner's stake in PT. SKPlasma Investment Indonesia for approximately 47.5 billion KRW, increasing ownership from 93.01% to effectively 100% based on local regulations permitting only up to 99.998%.
The acquisition amount is based on USD 35 million at the board resolution date exchange rate of 1,357.80 KRW/USD, subject to change upon actual payment. The expected completion date is December 31, 2026, with phased capital contributions.
SK Plasma accounts for about 10.47% of SK Discovery's total assets, and this investment aims to secure long-term growth through the construction of a plasma fractionation plant in Indonesia.
[AI Summary]SK Discovery's subsidiary SK Plasma's additional stake acquisition in the Indonesian plasma fractionation plant is a long-term growth initiative with no dilution to parent shareholders, but short-term profitability is uncertain given the investment size. While control is enhanced, full ownership is restricted by local law, and the extended timeline until 2026 poses capital commitment risks.
KOSPI Filing Information
[Correction of Description] Decision on Acquisition of Stocks and Investment Securities of Other Corporations (Major Management Matters of Subsidiary)