SK on logo [Courtesy of SK on]SK on Co., a pure-play battery maker under South Korea's SK Group, is expected to raise 30 billion won ($23 million) in pre-initial public offering (pre-IPO) funds from Michang Oil Ind. Co., a mid-size manufacturer of lubricants.According to multiple sources from the investment bank industry on Tuesday, the board of the Kospi-listed Michang Oil approved the plan to invest 30 billion won in a new 65 billion won fund created by Stella Investment LLC to invest in pre-IPO of SK on.

https://n.news.naver.com/mnews/article/009/0005098464?sid=104

#naver