South Korea's SK Group denies report on sale of assets in Vietnam, Malaysia

South Korea's SK Group denies report on sale of assets in Vietnam, Malaysia

The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea. REUTERS/Kim Hong-Ji

South Korean behemoth SK Group has denied a report that it was seeking the disposal of several assets in Southeast Asia.

The Korea Economic Daily had reported on Sunday that SK was considering the sale of its stake in six companies in Vietnam and one in Malaysia, including a 6.1% stake in Vietnam’s largest conglomerate Vingroup, a 9.5% stake in diversified business Masan Group, a 14.5% stake in pharmacy retail chain Pharmacity, a 54% stake in pharmaceutical company Imexpharm Corp, a 16.3% stake in retailer VinCommerce, a 4.9% stake in The CrownX, and a stake in BigPay — the fintech arm of Malaysia’s Capital A Bhd.

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