Daesung Industrial Decides to Dispose of Land Worth 50.6 Billion KRW
[Asia Economy Reporter Eunmo Koo] Daesung Industrial announced on the 18th that it has decided to sell land including 147-10 Namgok-ri, Yangji-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do, worth 50.67 billion KRW, to Gyeongnam Enterprise and others. The land to be disposed of accounts for 4.9% of the total assets based on last year's consolidated financial statements, and the company stated that the disposal was made for "reducing borrowings and investment through the sale of idle assets." The scheduled disposal date is August 16.
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