Block Deal Sale of 82 Billion Won of SK Eternix by Hahn & Co
On 25 June, Hahn & Co completed a block deal sale of about 9% stake in SK Eternix at 25,634 won (approximately 11% discount to the previous day's closing price).
Despite the expected sharp growth in the company's sales and profits next year, its valuations have reached very high levels.
Combined with the recent block deal sales at significant market discount, we believe this is likely to put a break on its share price in the next 3-6 months.
Source: SK Eternix
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