The block deal was made on April 16 in Hong Kong, SK E&S said in a regulatory filing on Friday. In September last year, the company sold a 3.3 percent stake worth 787 billion won in CGH, a Chinese company principally engaged in the distribution of natural gas.
The profitability of energy companies has seen a significant drop due to a novel coronavirus pandemic that weakened global consumption and demand.
SK E&S has invested more in the renewable energy sector. In November 2018, the company sold a 49 percent stake in its wholly-owned subsidiary, which runs a lucrative LNG power plant, to a Thai company.
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