Monday, May 28, 2007

SK Corp. Shareholders Approve Plan to Split Into Holding, Operating Units

(Bloomberg) -- Shareholders of SK Corp., Asia's
fourth-largest oil refiner, approved the company's plans to split
into holding and operating companies.

Shareholders representing some 80 percent of outstanding
stock voted at a meeting in Seoul today and all of them approved
the new company structure, SK Corp. said in a statement. The
reorganized companies will be called SK Holdings Co. and SK
Energy Co.


Read more at Bloomberg Emerging Markets News

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