SKC : Material Business Matters Related to Investment Decisions
May 02, 2022 at 04:08 am EDT
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Material Business Matters Related to Investment Decisions
1. Title
Receipt of notice of examination result for holding company conversion report
2. Details
1. Reason for submission
The Company received the notice of examination result for holding company conversion report from the Fair Trade Commission on April 29, 2022.
2. Details (Reference date : January 01, 2022)
(1) Holding company : As of January 1, 2022, SKC Co., Ltd. Received the notice from Fair Trade Commission that it was converted into a holding company by satisfying the requirements of holding company pursuant to Article 2 Subparagraph 7 of the Monopoly Regulation and Fair Trade Act and Article 3 of the Enforcement Decree of the same Act.
- SK Telesys Co., Ltd. (81.4% owned by SKC Co., Ltd.)
- SK TBMGEOSTONE Co., Ltd. (51% owned by SKC Co., Ltd.)
- Ecovance Co., Ltd. (100% owned by SKC Co., Ltd.)
(3) Sub-Subsidiary: 1 company
- SK Nexilis Co., Ltd. (100% owned by SKCFT Holdings Co., Ltd.)
3. Date of board resolution (decision date) or confirmation date
2022-04-29
- Attendance of outside directors
Present(No.)
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Absent(No.)
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- Attendance of auditors (members of Audit Committee who are not outside directors)
-
4. Other matters to be factored into investment decisions
- The shares related to subsidiaries, etc., are based on the total number of issued shares as of January 1, 2022.
- The Company's date of application for the 'Review of Holding Company Conversion Report' for the Fair Trade Commission is March 29, 2022, and the "3. Confirmation Date" above is the date on which the Company received the official document from the Fair Trade Commission.
※ Related disclosure
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Disclaimer
SKC Ltd. published this content on 02 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2022 08:06:03 UTC.
SKC Co Ltd is a Korea-based company mainly engaged in the production and sale of polyethylene terephthalate (PET) films. The Company operates its business through five segments. The Chemical segment is involved in the production and sale of propylene oxide (PO) and propylene glycol (PG). The Industrial Material segment is engaged in the manufacture and sale of polyethylene terephthalate (PET) films. The Electric Material segment is engaged in the production and sale of semiconductor parts. The Beauty & Healthcare (BHC) segment is engaged in the production and sale of raw materials for cosmetics, based on bio-technology. The Others segment is engaged in the production and sale of repeaters such as communication equipment.
SKC CO., LTD. 
