소개글
터너링(tunneling) SK Securities & SK Global, SK C&C에 대한 자료입니다.
목차
Case I : SK Securities & SK Global
Case II : SK C&C
본문내용
SK Securities couldn’t afford to pay back in cash
☞ if pay in cash it will ruin the whole SK Group
as well as SK Securities
J.P. Morgan received 24,059,044 shares
J.P. Morgan exercised the Put Option
Walkerhill & SK Capital bought back from J.P. Morgan at MKT Price(1,535 KRW)
1,535KRW * 24,059,044 = 36,930,632,540 KRW
SK Global paid the difference amount to Walkerhill & SK Capital
$4.09 * (Exchange rate) * 24,059,044 – 36,930,632,540 = 111,200,000, 000 KRW
SK Global made loss of 111,200,000, 000 KRW
# of SK Global common share
: 96,197,031 shares
Loss per common share :
111,200,000,000 / 96,197,031 shares
= 116 KRW / common shares
Transferred the loss to SK Global without noticing the investors of SK Global
Found Guilty
Forced to correct by FTC