{"id":304124,"date":"2021-10-12T07:57:35","date_gmt":"2021-10-12T07:57:35","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=329736"},"modified":"2021-10-12T07:57:35","modified_gmt":"2021-10-12T07:57:35","slug":"skt-shareholders-green-light-split","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/10\/12\/skt-shareholders-green-light-split\/","title":{"rendered":"SKT shareholders green light split"},"content":{"rendered":"

<\/p>\n

\tSK Telecom (SKT) shareholders voted overwhelmingly to split the company into two parts, approving a proposal [1] to spin off its semiconductor and e-commerce operations from its main telecoms business.<\/p>\n

At an extraordinary general meeting today (12 October) the move to create a holding company named SK Square was approved by 99.95 per cent of shareholders.<\/p>\n

In a translated statement, CEO Park Jung-ho (pictured) explained: \u201cThe main purpose of the spin-off is to maximise shareholder value, and after the spin-off, we will write a quick success story with a clear identity of communication and investment.\u201d<\/p>\n

The split will happen on 1 November [2], with the existing company to be re-listed as SKT and SK Square on 29 November after a period of stock trading suspension (26 October to 26 November).<\/p>\n

As a semiconductor and ICT investment company, Park said it aims for SK Square to boost its net asset value nearly threefold to KRW75 trillion ($62.5 billion) by 2025.<\/p>\n

SKT will focus on AI and digital infrastructure services, with plans to increase annual sales from KRW15 trillion in 2020 to KRW22 trillion by 2025.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/sk-telecom-plans-spinoff
\n[2] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/skt-spin-off<\/p>\n\n

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SK Telecom (SKT) shareholders voted overwhelmingly to split the company into two parts, approving a …<\/p>\n

The post SKT shareholders green light split<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":248,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"SKT shareholders green light split - ITTeacherITFreelance.hk","description":"SK Telecom (SKT) shareholders voted overwhelmingly to split the company into two parts, approving a ... The post SKT shareholders green light split appeared fir"},"footnotes":""},"categories":[11,8,21],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/304124"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/248"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=304124"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/304124\/revisions"}],"predecessor-version":[{"id":304125,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/304124\/revisions\/304125"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=304124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=304124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=304124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}