SK Corporation made an offer to acquire the additional 42.2% stake in SKC solmics Co., Ltd. for approximately KRW 190 billion.
August 11, 2020
Share
SK Corporation made an offer to acquire the additional 42.2% stake in SKC solmics Co., Ltd. (KOSDAQ:A057500) for approximately KRW 190 billion on August 13, 2020. SK Corporation will acquire 25.9 million shares at KRW 7400 per share. The consideration will be paid on September 4, 2020. The tender offerer will purchase all of the common stocks applied for the tender offer regardless of the tender offer rate, and the tender offer price will be paid in cash. Tender offer period will commence from August 13, 2020 and will end on September 2, 2020. Currently, SK Corporation holds 35.48 million shares representing 57.70% stake and post-transaction, it will hold 99.94% stake. The consideration is self funded. The remaining 37,190 are treasury shares held by SKC solmics Co., Ltd. Post completion, SKC solmics will operate as a wholly owned subsidiary of SK Corporation. The application for delisting of SKC solmics is submitted on August 12, 2020. SKC solmics is expected to be delisted on December 23, 2020.
SK EnPulse Co Ltd is a company located in South Korea. The Company is principally engaged in the manufacture and sale of functional semiconductors and FPD component materials based on fine ceramics and silicon. The Companyâs products consist of alumina (Al2O3) ceramics including focus rings, edge rings, ring confinement caps and others; silicon (Si) parts, including Si focus rings, Si edge rings and Si electrodes; silicon carbide (SiC) parts, which include boats, tubes and caps used in chemical vapor deposition (CVD) and low pressure (LP) CVD processes; quartz parts, which are used in dry etching and diffusion processes, and precision cleaning products, such as belljars, lid-liners and cathodes. It also provides solar wafers. The Company distributes its product within domestic market and to overseas markets.