SK Group's Chey to Sell $700 Mil. Stake in SK Corp After Divorce Ruling
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SK Group's Chey to sell $700 million stake in SK Corp after divorce ruling
SK Group Chairman Chey Tae-won will sell a 2.26% stake in SK Corp for about 944 billion won ($699.5 million) to fund a divorce settlement, though he will remain the top shareholder of the holding firm of the South Korean conglomerate, the company said on Friday.
SK Group's Chey to sell $700 mil. stake in SK Corp after divorce ruling
SK Group Chairman Chey Tae-won will sell a 2.26 percent stake in SK Corp for about 944 billion won ($699.5 million) to fund a divorce settlement, though he will remain the top shareholder of the holding firm of the Korean conglomerate, the company said on Friday. The sale, which is due to begin on November 2, comes about two months after a Korean court ordered Chey to pay 944 billion won to former spouse Roh Soh-yeong in a landmark divorce case,…
SK Group Chairman Chey Tae-won is selling 944 billion won worth of shares in the group's holding company, SK Inc., to raise funds for the division of assets following his divorce. On the afternoon of the 2nd, SK Inc. disclosed that Chairman Chey, the largest shareholder, plans to sell 1,653,924 shares (2.3%). The planned amount is 9439
SK Chairman Chey Tae-won sold 1.65 million shares of SK Holdings to raise funds for the property division payment to Director Noh So-young. This is a strategy to minimize the impact on management control through after-hours trading and PRS contracts, and his stake is expected to fall to 15.5%.
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[Digital Daily Reporter Bae Tae-yong] SK Group Chairman Chey Tae-won is selling a portion of his stake in SK Inc., the group's holding company, to raise funds for the property division settlement he must pay to Noh So-young, Director of Art Center Nabi. SK Inc. announced on the 2nd that its largest shareholder, Chairman Chey Tae-won, plans to sell 1,653,924 common shares (2.3%). The total value of the sale is 944 billion won, which is the same …
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