SK Group disposed of all its equity in Vietnam's Vingroup and secured approximately 1 trillion won.
According to foreign media and the business community on the 6th, SK has partitioned and sold all of its equity in Vingroup (6.05%) to a third party through on-market transactions among institutional investors from January to early this month.
SK invested $1 billion (approximately 1.1 trillion won based on the exchange rate at the time) in Vingroup through its Southeast Asia investment corporation in 2019. It has been reported that SK has recovered more than its investment through this sale.
The share price of Vingroup, which was around 39,000 dong at the time of the initial sale in January, rose to about 104,000 dong at the completion of the sale earlier this month.
SK Group is disposing of non-core assets as part of its rebalancing efforts. In September last year, it sold 7.1% of its equity in WincCommerce, a distribution subsidiary under Vietnam's Masan Group, and in November of last year, it sold 5.05% of its equity in Masan Group.
An official from SK said, "We will continue to solidify our partnership with Vingroup in future growth business areas."