SK Square: Selling Its Stake in 11st to SK Planet
On 29 October, SK Square announced that it is selling its stake in 11st to SK Planet. This is likely to have a slightly negative impact on SK Square.
Given SK Planet’s limited financial resources, it is likely that SK Square will provide funding to SK Planet through a capital increase.
However, the biggest factor driving SK Square’s share price right now is the continued surge in SK Hynix’s share price.
