SK Holdings to Buy 51% Stake in Chinese Battery Components Maker

SK Holdings Co. signed a contract to buy a 51 percent stake in Elitconi, a Chinese manufacturer of lithium battery components, to expand its battery business in China, according to an e-mailed statement from the Seoul-based company today.

To contact the reporter on this story: Jiyeun Lee in Seoul at jlee1029@bloomberg.net

To contact the editor responsible for this story: Paul Tighe at ptighe@bloomberg.net

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