Align Partners pushes SK Inc. revaluation over 75% discount
Activist fund Align Partners disclosed a 1.5% stake in SK Inc. (1,088,753 shares) and argued the holding company is undervalued by 75% due to a "double discount" on its SK hynix stake held via SK Square. SK Inc. shares jumped more than 15% intraday on the news.
- Align Partners holds a 1.5% stake in SK Inc. — 1,088,753 shares
- NAV estimated at 100 trillion won, discount to price around 75%
- Indirect 6.5% SK hynix stake worth ~60 trillion won vs SK Inc. market cap of ~25 trillion
- SK Inc. shares rose more than 15% intraday
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