The stock price of SK oceanplant, a company specialized in offshore wind power, shipbuilding, and marine industries, has surged more than 11%. The price, which plummeted the previous day due to disappointment over a new acquisition entity, appears to be bouncing back with the involvement of a strategic investor.
As of 9:41 a.m. on the 3rd, SK oceanplant is trading at 21,050 won, up 2,150 won (11.38%) from the previous trading day. SK oceanplant dropped 4.64% the day before and fell as much as 16.4% during trading.
Though the stock fell sharply due to disappointment regarding the acquisition entity, it seems to have rebounded after news that the strategic investor would participate in the acquisition and be involved in management.
The day before, SK ecoplant selected DIO as the preferred negotiation partner for the sale of its subsidiary, SK oceanplant. The market had expected that Hanwha and HD Hyundai Group, which are engaged in offshore wind-related businesses, would be the acquirers, leading to disappointment in selling pressure.
DIO is a newly established private equity fund (PEF) management company founded in March last year. The largest shareholder is SUM Global, and it is known that close associates of former STX Chairman Kang Duk-soo are in charge of management.