KT&G Sells Euljiro Tower for 120 Billion Won as Part of Non-Core Asset Divestment
KT&G Corp. has sold Euljiro Tower for 120 billion won ($88 million) to Chun Kyung Shipping, accelerating its non-core asset divestment and boosting shareholder returns.
SK Inc. Materials has transferred its 75% stake in SK Materials Group14 to US-based Group14 Technologies via a 62.7 billion won in-kind investment, shifting from direct silicon battery operations to an indirect investment strategy as part of SK Group's ongoing asset restructuring.
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SK Inc. Contributes 75% Stake in SK Materials Group14 Joint Venture to Group14 via In-Kind Investment Worth 62.7 Billion Won
SK Inc. Materials has transferred its 75% stake in SK Materials Group14 to US-based Group14 Technologies via a 62.7 billion won in-kind investment, shifting from direct silicon battery operations to an indirect investment strategy as part of SK Group's ongoing asset restructuring.
KT&G has selected Heungkuk REITs Management as the preferred bidder for its Courtyard Marriott Seoul Namdaemun Hotel, valued at about 200 billion won ($153 million), as part of its ongoing divestment of non-core assets to enhance shareholder returns.
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'Selling Even at a Loss'—SK Group Reaffirms Commitment to Business Restructuring
SK Group is accelerating its business restructuring, selling assets such as SK Eleclink and environmental subsidiaries at a loss to focus on core sectors like AI and energy.
Alibaba Group Continues to Divest Non-Core Assets, Focusing on AI and E-commerce
Alibaba Group continues strategic divestment of non-core assets, including YTO Express shares, to focus on e-commerce and AI core competencies amid ongoing corporate restructuring efforts.
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