SK D&D : Decision on Acquisition of Sharesor Investment Certificatesof Other Corporations
March 07, 2022 at 09:11 pm
Share
Decision on Acquisition of Shares or Investment Certificates of Other Corporations
1. Details of issuing company
Name of company
DDIVC Co., Ltd. No. 1 Consignment Management Real Estate Investment Company
Nationality
Republic of Korea
Representative
Dong-ik Kim
Capital stock (KRW)
300,000,000
Relationship to company
-
Total number of shares issued
30,000
Main business
Real estate business
2. Details of acquisition
Number of shares to be acquired
572,810
Acquisition cost (KRW)
57,281,000,000
Equity capital (KRW)
531,471,748,441
Ratio to equity capital (%)
10.78
Classified as a large-sized corporation?
No
3. Number of shares held and shareholding ratio after acquisition
Number of shares held
572,810
Shareholding ratio(%)
49.00
4. Acquisition method
Cash acquisition
5. Purpose of acquisition
Investment in DDIVC Co., Ltd. No. 1 Consignment Management Real Estate Investment Company
6. Scheduled acquisition date
-
7. Subject to filing of a material fact report on asset acquisition?
No
-Total assets (as of the end of the latest fiscal year) (KRW)
1,712,427,674,048
Acquisition cost /Total assets(%)
3.35
8. Deemed a backdoor listing?
No
-Plan to increase capital through third-party allotment within six months?
No
9. Satisfying backdoor listing requirements for the issuing company (another corporation)?
No
10. Date of board resolution (decision date)
2022-03-04
-Attendance of outside directors
Present (No.)
4
Absent (No.)
-
-Attendance of auditors (members of Audit Committee who are not outside auditors)
-
11. Subject to reporting to the Fair Trade Commission?
No
12. Signed a put option contract, etc.?
No
-Details of agreements
-
13. Other matters to be factored into investment decisions
- "2. Details of acquisition" and "3. Number and ratio of shares held after acquisition" are based on the total expected acquisition amount of KRW 57.281 billion, of which KRW 348.88 billion is due for first payment on March 24, 2022, and the remaining amount in installments by May 2024.
- Although "6. Scheduled acquisition date" for the first share payment is March 24, 2022, it is subject to change. Accordingly, a redisclosure will be made if there is a correction in the future.
- Major schedules and details are subject to partial change depending on the progress
※Related disclosure
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[Condensed Financial Statements of Issuing Company](KRW)
Category
Total assets
Total liabilities
Total shareholders' equity
Capital stock
Sales
Net income
External auditor's opinion
External auditor
Current fiscal year
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Previous fiscal year
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Two fiscal years prior
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Disclaimer
SK D&D Co. Ltd. published this content on 08 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2022 02:10:03 UTC.
SK D&D Co Ltd is a Korea-based company mainly engaged in the development of real estate. The Company operates its business through five segments. The Real Estate Development segment develops non-residential real estate such as offices, knowledge industry centers, hotels, officetels, commercial facilities and distribution centers. In addition, this segment operates commercial facilities and housing rental business. The New and Renewable Energy segment engages in wind power, solar and fuel cell power generation business, and power plant engineering, procurement and construction (EPC) business. The Energy Storage System segment provides electricity resources procurement, installation and operation, and maintenance services. The Furniture Business segment manufactures and sells furniture. The Other segment builds business portfolios.