Doosan Heavy Industries selects Hana Financial Consortium as preferred bidder for Club Mow CC sale

[Asia Economy Reporter Changhwan Lee] Doosan Heavy Industries announced on the 29th that it has selected the Hana Financial Group-Moa Miraedo consortium, which submitted a bid in the 180 billion KRW range, as the preferred negotiation partner following the bidding process for the sale of Club Mow CC.

Club Mow CC is a public 27-hole golf course operated by Doosan Heavy Industries since 2013 in Seomyeon, Hongcheon-gun, Gangwon Province.

Doosan Heavy Industries signed a memorandum of understanding for the sale with the Hana Financial Group-Moa Miraedo consortium on the same day, and the consortium will conduct due diligence for two weeks.

A Doosan Heavy Industries official stated, "We have taken the first step toward business normalization," adding, "We aim to finalize the sale deal as soon as possible within July, and we will accelerate the improvement of our financial structure through self-help efforts starting with the sale of Club Mow CC."

Doosan Heavy Industries plans to carry out a capital increase and capital expansion worth approximately 1 trillion KRW within the year, targeting a financial structure improvement exceeding 3 trillion KRW. Accordingly, Doosan Heavy Industries is pursuing asset sales, and its parent company, Doosan Co., Ltd., has stated that it will fully support Doosan Heavy Industries' self-help efforts.

A Doosan official emphasized, "The sale price of Club Mow CC is evaluated to exceed market expectations," adding, "The creditors have shown consideration by allowing sufficient time so that assets are not sold at prices lower than expected, and we will strive to achieve the best results in other asset sales as well."

This content was produced with the assistance of AI translation services.