SK Innovation may sell of SK ie technology to raise funds for its struggling battery-making subsidiary, SK On.
It's a marked difference from the previous year's 52.3 billion won loss. Net profits for the year surged to 80.4 billion won from a loss of 29.7 billion won one year earlier.
International Finance Corporation (IFC) is extending a $300 million green loan to SK ie technology to expand its battery separator plant in Poland.
KakaoBank shares slipped Monday with some institutional investors offloading shares as the lockup period expired. The bank closed at 55,600 won ($47), down 2.8 percent.
Some retail punters who took profits early after IPOs now regret dumping their shares so quickly.
SK ie technology ended its first day as a listed company at 154,500 won ($138), up 47 percent from its offering price of 105,000 won after a choppy morning of trade.
The subscription rate for the initial public offering (IPO) of SK ie technology soared Thursday.
SK ie technology, an SK Innovation subsidiary that makes battery separators, said Wednesday it plans to go public on the Korean bourse in May. It filed the securities registration with the Financial Services Commission on Wednesday.
Korea JoongAng Daily Sitemap