SK Holdings to buy 482 million pound worth of its own shares

Reuters

Updated 28 August 2015 at 3:26 am

SEOUL (Reuters) - South Korea's SK Holdings Co Ltd <034730.KS> said on Friday it planned to buy 871.2 billion won (482 million pounds) worth of its own shares during trading.

The holding company of South Korea's third-largest conglomerate, SK Group, will buy a total of 3.52 million shares in order to stabilise its stock price and boost shareholder value, it said in a regulatory filing.

(Reporting by Joyce Lee; Editing by Clarence Fernandez)

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