SK Ecoengineering to be launched soon with sound financial status The new entity's debt-to-equity ratio likely to be 144%, better than SK Ecoplant

Translated by Kim So-in 공개 2022-01-20 08:13:04

이 기사는 2022년 01월 20일 08:08 더벨 유료페이지에 표출된 기사입니다.

SK Ecoengineering, a new spinoff from SK Ecoplant, will be launched in two weeks with sound financial status.

SK Ecoengineering, the new entity established by spinning off SK Ecoplant’s plant business, will be launched on February 1, according to industry sources on Tuesday.

SK Ecoplant decided in October 2021 to hive off the bulk of its plant business that is in charge of electric vehicle batteries, lithium-ion battery separator (LiBS), and petrochemicals, and merge it with SK Ecoengineering. The merger date has been postponed from January 17 to February 1 due to the Covid-19 pandemic.

SK Ecoplant also said last year that it will sell redeemable convertible preference shares issued by SK Ecoengineering to a consortium of South Korea-based IUM Private Equity and Mirae Asset Securities for 450 billion won ($377 million). The plan was approved at an extraordinary shareholder meeting in December 2021.

SK Ecoengineering is expected to have a sounder financial structure than that of SK Ecoplant, the surviving entity. According to SK Ecoplant, the new entity is expected to have a debt-to-equity ratio of 144% and a current ratio of 172%, which will make the company relatively free from a burden of repaying short-term borrowings for a while.

A debt-to-equity ratio of SK Ecoplant is expected to be 322%, which is 150% points higher than that of SK Ecoengineering. It is said that SK Ecoplant drew up a financial structure favorable to SK Ecoengineering in a bid for the smooth sale of the stake in the plant business and the stable initial management of the new entity.

SK Ecoplant has appointed Kim Dae-sung, the head of Ecoengineering solutions group, as the interim CEO of the new entity. Born in 1969, Kim joined SK Ecoplant in 1995. The new CEO will be appointed after the launch next month.

SK Engineering aims to grow into an engineering company specializing in green energy, including batteries, LiBS, and hydrogen. (Reporting by Jeong-wan Lee)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재 및 재배포 금지 >

더벨 서비스 문의


유료 서비스 안내
주)더벨 주소서울특별시 중구 무교로 6 (을지로 1가) 금세기빌딩 5층대표/발행인성화용 편집인이진우 등록번호서울아00483
등록년월일2007.12.27 / 제호 : 더벨(thebell) 발행년월일2007.12.30청소년보호관리책임자김용관
문의TEL : 02-724-4100 / FAX : 02-724-4109서비스 문의 및 PC 초기화TEL : 02-724-4102기술 및 장애문의TEL : 02-724-4159

더벨의 모든 기사(콘텐트)는 저작권법의 보호를 받으며, 무단 전재 및 복사와 배포 등을 금지합니다.

copyright ⓒ thebell all rights reserved.