This article appeared on "Signal," a capital markets compass, at 8:12 a.m. on July 24, 2026.
SK Inc. will conduct a tender offer for its subsidiary SK Signet to pursue a voluntary delisting. SK Signet manufactures fast chargers for electric vehicles and has posted weak earnings amid slowing growth in global EV demand. SK Inc. plans to offer a premium of about 20% over the current stock price to protect minority shareholders' interests as it moves forward with a business restructuring, or rebalancing.
SK Inc. disclosed on the 24th that it had decided to conduct a tender offer for SK Signet, a company listed on the Konex market. The tender offer price is 8,200 won per share, 26.2% higher than the previous day's closing price of 6,500 won. The purchase period runs from July 24 to August 24. During this period, SK Inc. plans to acquire 10,072,587 common shares and other securities of SK Signet. NH Investment & Securities is the lead manager for the offer. Shareholders participating in the tender offer can sell their shares by visiting an NH Investment & Securities branch or using an online platform.
After the tender offer, SK Inc. will proceed with the delisting of SK Signet through a comprehensive share exchange. A comprehensive share exchange is a system that unifies the ownership structure through an exchange of stakes between a parent company and its subsidiary. Typically, the parent company acquires the subsidiary's shares while issuing new parent company shares in return. For voluntary delisting purposes, if a company secures more than 67% of shares, it can use the comprehensive share exchange system without going through a tender offer. SK Inc. holds a 74.90% stake in SK Signet, but it granted ordinary shareholders an opportunity to sell their shares with a premium attached.
SK Inc. plans to complete the delisting of SK Signet and its incorporation as a wholly owned subsidiary by the fourth quarter of this year, and to complete the sale of SK Signet by the first quarter of next year, accelerating a preemptive portfolio rebalancing. The sale is reported to involve SK Elec Link, held by Anchor Equity Partners, a Hong Kong-based private equity fund (PEF) manager.
SK Signet is a specialized EV charger company founded in 1998 and incorporated into SK in 2021. It currently provides global standard-customized charging solutions centered on fast and ultra-fast charging.
"This tender offer is a decision to fulfill our responsible management obligations by enhancing value for minority shareholders ahead of the SK Signet sale," an SK Inc. official said. "Aside from the direction of selling after incorporation as a 100% wholly owned subsidiary, nothing specific has been finalized."
