Lee & Ko represented SK Holdings Co., Ltd. and SK Shipping Co., Ltd. in connection with the issuance of new shares representing 71.4% of the issued and outstanding shares and convertible bonds by SK Shipping Co., Ltd. to Hahn & Company by way of a third-party allotment in an aggregate amount of KRW 1.5 trillion. The share subscription agreement, the convertible bond subscription agreement and the shareholders agreement were duly executed in October 2018. During the course of the transaction, many complex issues arose in connection with balancing the advantages and disadvantages of alternative measures while taking into account the needs of numerous interested parties under the national spotlight. Lee & Ko is recognized to have led the transaction in an efficient and effective manner, advising on the optimal deal structure and facilitating effective negotiations among the interested parties to induce the execution of the agreements in a timely manner.
[marinelink] South Korea's SK Group to Sell SK Shipping