SK D&D : Material Business Matters Related to Investment Decisions
February 16, 2022 at 04:04 am EST
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Material Business Matters Related to Investment Decisions
1. Title
Execution of MOU on joint investment
2. Details
1. Today, our company executed a memorandum of understanding on a joint investment with DDILVC Consigned Management Real Estate Investment Company, in order to secure and proceed with joint investment with competitive investors in real estate investments for domestic development, the details of which are hereby disclosed.
2. Key details of the MOU
- Counterparty
. Investor: DDILVC Consigned Management Real Estate Investment Company
(a real estate investment company whose purpose is to invest in real estate for domestic development)
. Asset management company: D&D Investment Co., Ltd.
- Target of investment: Investment will be made in the target asset by establishing an investment vehicle for each individual investment target asset related to the real estate (investments are planned in REITs, PFV, and REF, etc.)
- Investment value: total target investment value .
. DDILVC KRW 120.0 billion
. SK D&D KRW 30.0 billion
※ This is a method of making individual investments for the investment target within the amount of commitment, and the KRW 30.0 billion committed by our company is approximately 5.6% of the latest amount of equity.
3. Date of board resolution (decision date) or confirmation date
2022-02-15
- Attendance of outside directors
Present(No.)
-
Absent(No.)
-
- Attendance of auditors (members of Audit Committee who are not outside directors)
-
4. Other matters to be factored into investment decisions
- The Company's equity capital in "2. Details" is based on the consolidated financial statements as of the end of 2020.
- "3. Date of board resolution (decision date) or confirmation date" is the date of execution of the MOU.
- The Korean Teachers' Credit Union, Shinhan Bank, and D&D Investment Co., Ltd. will invest in DDILVC Consigned Management Real Estate Investment Company Co., Ltd.
- The information above is subject to change depending on future progress.
※ Related disclosure
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Disclaimer
SK D&D Co. Ltd. published this content on 16 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2022 09:03:03 UTC.
SK D&D Co Ltd is a Korea-based company mainly engaged in the development of real estate. The Company operates its business through five segments. The Real Estate Development segment develops non-residential real estate such as offices, knowledge industry centers, hotels, officetels, commercial facilities and distribution centers. In addition, this segment operates commercial facilities and housing rental business. The New and Renewable Energy segment engages in wind power, solar and fuel cell power generation business, and power plant engineering, procurement and construction (EPC) business. The Energy Storage System segment provides electricity resources procurement, installation and operation, and maintenance services. The Furniture Business segment manufactures and sells furniture. The Other segment builds business portfolios.