SK ecoplant Co.,Ltd. completed the acquisition of a 13.52% stake in Samkang M&T Co.,Ltd from Song Moo-seok and Song Jeong-seok.
March 30, 2022
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SK ecoplant Co.,Ltd. signed a share transfer agreement to acquire a 13.52% stake in Samkang M&T Co.,Ltd (KOSDAQ:A100090) from Song Moo-seok and Song Jeong-seok for KRW 49.9 billion on November 16, 2021. As per terms, 1,666,666 shares will be taken at 30,000 per share of which Moo-Seok Song, transfers 833,333 shares out of 6,691,392 shares, and Jeong-Seok Song, transfers 833,333 shares out of 6,707,258, both will receive a consideration of 24.9 billion each. SK Eco Plant. In other capital increase transaction SK ecoplant Co.,Ltd. shall acquire share so as to increase its shareholding to 31.83% post completion of both. The transaction is expected to close on March 31, 2021.
SK ecoplant Co.,Ltd. completed the acquisition of a 13.52% stake in Samkang M&T Co.,Ltd (KOSDAQ:A100090) from Song Moo-seok and Song Jeong-seok on March 31, 2022.
SK Oceanplant Co Ltd, formerly Samkang M&T Co Ltd, is a Korea-based company mainly engaged in plant construction. The Company operates through six segments. The Plant segment is engaged in the construction of offshore and onshore plants. The Thick Steel Pipe segment is engaged in the construction of pipes for marine and architectural structures. The Repair and Remodeling segment is engaged in ship repair, remodeling and periodic inspections. The Shipbuilding segment is engaged in the construction of new ships and the production of blocks. The Special Ships segment is engaged in the construction of defense and government ships. The Other segment provides services and goods.