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THE INVESTOR

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SK merges SM Core

  • PUBLISHED :January 11, 2017 - 17:49
  • UPDATED :January 11, 2017 - 17:49
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[DISCLOSURE] SK (034730) announced on Jan. 11 that it has incorporated SM Core (007820), an automation equipment system company, as a subsidiary.

The company said it has secured a 26.7 percent stake in SM Core, satisfying the requirement, and the number of its subsidiaries has increased to 15.

SK added that it has acquired 160,000 shares from SM Core CEO Kwon Soon-Uk, 499,452 shares through a repurchase contract with SM Core, and 4,670,255 newly issued shares by exercising its preemptive rights.

(theinvestor@heraldcorp.com)

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