HRS Withdraws Decision to Acquire Tangible Assets Near Seotan-myeon, Pyeongtaek-si, Gyeonggi
[Asia Economy Reporter Minji Lee] HRS announced on the 12th that it will withdraw the contract for the acquisition of tangible assets near Suwolaram-ri, Seotan-myeon, Pyeongtaek-si, Gyeonggi-do, which was signed with Yuchang Co., Ltd. in 2013. The transfer amount was 22 billion KRW, and the deposit and the first interim payment have been completed.
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The company stated, "The deposit and interim payments made to the transferor are expected to be offset by the land price and business rights from the newly selected Seotan Industrial Complex operator," and added, "We will disclose immediately once the acquisition of tangible assets replacing the transaction with Yuchang is confirmed."
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