SK Discovery Excludes Subsidiary SK D&D Due to Loss of Control... Maintains 31.3% Stake, Asset Ratio Unchanged at 4.2%
SK Discovery has received notification from the Fair Trade Commission regarding the exclusion of its subsidiary SK D&D from the affiliate group due to loss of control.
The reason for the withdrawal is loss of control over SK D&D, while SK Discovery retains its 31.3% stake and equity value of 74.2 billion KRW unchanged.
As a result, the number of subsidiaries decreased from 6 to 5, but the proportion of the equity value to total assets remains at 4.2% on a separate basis.
[AI Summary]The loss of control leads to deconsolidation, but the retained stake and book value remain, limiting the financial impact. Investors should monitor potential disposal of the stake and changes in dividend policy going forward.