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Photo = Yonhap news |
[Alpha Biz= Kim Jisun] Kakao Corp. is reportedly exploring a block deal to sell part of its stake in SK Square, potentially worth up to KRW 430 billion (approx. USD 310 million), according to industry sources on July 10.
The company is said to have initiated investor demand forecasting for an off-hours block trade involving approximately 2.48 million shares—equivalent to a 1.8% stake in SK Square. The proposed sale price is reportedly around KRW 170,000 per share.
When asked for confirmation, a Kakao representative stated, “We cannot comment on the matter.”
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
