In today’s briefing:
- SKC Co: Announces a Share Buyback of 5% of Outstanding Shares
SKC Co: Announces a Share Buyback of 5% of Outstanding Shares
- On 7 October, SKC Co Ltd (011790 KS) announced that it will conduct a share buyback of 1.89 million shares, representing 5% of outstanding shares.
- We continue to maintain a Negative view of SKC Co.
- We remain concerned about lack of clear measures to protect existing minority shareholders if its major subsidiaries (such as Nexilis) complete IPOs in the next several years.
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