SK Innovation acquires 100% of Coil BESS Ltd. as subsidiary - Minor investment with negligible financial impact
SK Innovation has acquired 100% equity of Coil BESS Ltd., an energy storage system company, incorporating it as a subsidiary.
The total acquisition consideration is 1.29 billion won including 658 million won for equity and 632 million won for loan receivables, representing 0.0% of SK Innovation's total assets.
The loan receivables of 632 million won are expected to be converted into equity in the future, resulting in total holdings of 2,212,138 shares based on total issued shares.
[AI Summary]This is a disclosure of a minor subsidiary acquisition by SK Innovation with negligible impact on SK Inc. shareholder value. No financial burden or dilution occurred, and it is considered a normal business activity for expansion in the energy storage sector.
KOSPI Filing Information
Inclusion of Subsidiary by Holding Company (Key Management Matters of Subsidiary)