THE INVESTOR

메뉴열기
September 20, 2020

SK Holdings secures W480b through block sale of ESR shares

PUBLISHED : September 17, 2020 - 15:47

UPDATED : September 17, 2020 - 15:47

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

SK Holdings has raised 480 billion won ($409 million) by selling shares of logistics operator e-Shang Redwood Group through a block deal, with plans to invest the newly secured capital in its future growth engines, the company said on Sept. 17.

The deal saw 140 million shares sold at 22.50 Hong Kong dollars ($2.90) per share, accounting for 4.6 percent of the total stock, as SK Holdings collected the principal.

Following the sale, SK Holdings now owns 6.4 percent of stock in the company, a share that is estimated to be worth 740 billion won as of Sept. 16.

(SK Holdings)



Established in 2011, ESR is a global logistics company with some 270 logistics facilities around the world serving over 200 clients, including Amazon, Alibaba and JD.com. The company has enjoyed steady growth since going public on the Hong Kong stock exchange in November last year.

“As the payback period in global investment has arrived, we will maintain great investment performances such as with ESR and will continue our efforts to live up to the market’s expectations and keep a virtuous cycle of investment and gain,” an official at the company said.

By Yim Hyun-su (hyunsu@heraldcorp.com)

  • 페이스북
  • 트위터
  • sms
최상단으로
Herald Corporation|CEO : Kwon Chung Won
Publisher. Editor : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Title : The Investor|Date of registration : 2015.04.28
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. Seoul 아04099
COPYRIGHT HERALD CORPORATION. ALL RIGHTS RESERVED.