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SK Group Chairman Chey Tae-won to sell $701M in SK Inc. shares for divorce payout
SK Group Chairman Chey Tae-won plans to sell 944 billion won ($701 million) worth of shares in the holding company SK Inc. to fund a property division payment to his former wife Roh Soh-yeong, as ordered by a court. The sale involves 1,653,924 shares, representing a 2.3% stake. SK Inc. stated in a regulatory filing on Friday that 544 billion won worth of shares will be sold to a strategic investor.
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