ID :
210499
Fri, 09/30/2011 - 16:27
Auther :
Shortlink :
https://oananews.org//node/210499
The shortlink copeid
SK Group sells 280 bln won worth of shares in after-hours trading
SEOUL, Sept. 30 (Yonhap) -- South Korea's conglomerate SK Group sold some 280 billion won (US$237.5 million) worth of shares of SK C&C Co., the group's de facto holding company, in early trading on Friday, sources said.
According to a source, 2 million shares, or 4 percent, of SK C&C were sold before the market opened at 9 a.m. at a price 10 percent lower than the market rate, worth 280 billion won.
SK Group owner Choi Tae-won had held a 44.5 percent of stake in the network integration system firm before the transaction.
Shares of SK C&C closed at 145,000 won on the bourse on Friday, down 7.35 percent from the previous session.
An official from the group who refused to be named said that the owner might have disposed of the stocks to pay off a personal debt, adding, "It's a private matter."
According to a source, 2 million shares, or 4 percent, of SK C&C were sold before the market opened at 9 a.m. at a price 10 percent lower than the market rate, worth 280 billion won.
SK Group owner Choi Tae-won had held a 44.5 percent of stake in the network integration system firm before the transaction.
Shares of SK C&C closed at 145,000 won on the bourse on Friday, down 7.35 percent from the previous session.
An official from the group who refused to be named said that the owner might have disposed of the stocks to pay off a personal debt, adding, "It's a private matter."
