SK Inc. (KOSE:A034730) agreed to acquire remaining 50.9% stake in SK Materials Co., Ltd. (KOSDAQ:A036490) for KRW 1.4 trillion on August 20, 2021. The merger ratio for the transaction is 1: 1.5778412. Post completion, SK Inc. will be surviving company and it will hold 100% stake in SK Materials Co., Ltd. SK Materials Co., Ltd. will be dissolved. The contract is scheduled to sign on August 23, 2021. The shareholder's meeting is planned on October 29, 2021 Board of Directors has passed the resolution for the transaction. Completion is expected on December 1, 2021. Through this merger, SK Inc. intends to maximize the synergy effect by integrating the assets held by SK Materials Co., Ltd. to increase corporate value.

SK Inc. (KOSE:A034730) completed the acquisition of 50.9% stake in SK Materials Co., Ltd. (KOSDAQ:A036490) on November 30, 2021.