Seoul: SKC Ltd., a South Korean chemical materials producer affiliated with SK Group, announced plans to raise 1 trillion won (US$700.7 million) through a stock offering. The company disclosed this move on Thursday as a strategic financial initiative.
According to Yonhap News Agency, a regulatory filing revealed that SKC Ltd. intends to issue approximately 11.73 million common shares. These shares will be priced at 85,300 won each and made available to the company's existing shareholders. This stock offering is part of SKC's broader financial strategy to bolster its capital and support future growth opportunities.