 |
(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] SK Innovation's stock price has exceeded the buyback price, indicating a smooth completion of its merger with SK E&S.
As of the deadline for stock buyback claims through securities firms, the amount of claims was less than half of the limit. Additionally, claims submitted directly to SK Innovation on the 19th were minimal.
According to the Korea Exchange on the 19th, SK Innovation’s stock price closed at 112,700 KRW, up 1.81% from the previous trading day, surpassing the buyback price of 111,943 KRW. On the same day, the stock price briefly reached 112,900 KRW. Having fallen to the 90,000 KRW range in early August, SK Innovation's stock price has hovered around the 110,000 KRW mark since the start of the buyback period on August 28.
According to the Korea Securities Depository and SK Innovation, shareholders exercised approximately 330 billion KRW worth of buyback rights as of the last trading day before the Chuseok holiday on the 13th. While shareholders could still exercise their buyback rights until the 19th, submissions through securities firms were completed by the 13th.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
