SK Networks Company Limited (KOSE:A001740) made a tender offer to acquire remaining 27.1% stake in SK Rent A Car Co., Ltd (KOSE:A068400) for approximately KRW 610 billion on August 18, 2023. The offer price per share is KRW 13,500. the Offer will open from August 21,2023 and will close on September 11, 2023. SK Networks will also be launching a small-scale share swap process for the balance of shares upon a board resolution. The Boards of both the companies, passed resolution for the transaction and SK Rent-a-car will be delisted around late January 2024 subsequent to an approval by the shareholders? meeting are completed and the share swap will be wound up early next year.

SK Networks Company Limited (KOSE:A001740) completed the acquisition of 18.74% stake in SK Rent A Car Co., Ltd (KOSE:A068400) on September 11, 2023.