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Photo = SK on |
[Alpha Biz= Reporter Kim Jisun] SK On, a subsidiary of SK Innovation, has raised 1 trillion won through a rights issue as SK Group accelerates its restructuring and financial improvement initiatives.
On October 2, SK Innovation announced that SK On will issue 18,031,337 new shares through a third-party allocation, with the issue price set at 55,459 won per share, raising approximately 1 trillion won.
The capital was raised using a price return swap (PRS) method, commonly used by companies for capital procurement. Under this structure, if the share price rises above the agreed-upon reference price, the buyer pays the difference to the seller. Conversely, if the price falls, the seller compensates the buyer for the loss.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
