In today’s briefing:
- SK Innovation: Rights Offering of 1.2 Trillion Won at a 21% Discount to Current Price
SK Innovation: Rights Offering of 1.2 Trillion Won at a 21% Discount to Current Price
- After the market close on 23 June, SK Innovation (096770 KS) announced that the company will conduct a rights offering worth 1.2 trillion won.
- We have a positive view on SK Innovation’s rights offering of 1.2 trillion won. The expected rights offering price is 143,800 won which is 21% discount to current price.
- Although we have a positive view of SK Innovation over the next 12 months, its share price could face some weakness in the near term due to this capital increase.
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