Yongma Logistics to Sell Real Estate Worth 52 Billion Won... "Securing Investment Funds"

Utilization for the Construction of Shin Hub Center and More

Yongma Logistics, a logistics subsidiary of Dong-A Socio Holdings, announced on the 29th that it will sell its land and buildings to Yongin Giheung PFV.

Yongma Logistics CI. [Image provided by Dong-A Socio Holdings]

The property being sold is real estate located in Singal-dong, Giheung-gu, Yongin-si, Gyeonggi-do, owned by Yongma Logistics. The sale price is approximately 52 billion KRW.

Yongma Logistics plans to use the proceeds from the sale for infrastructure investments, including the construction of a new hub center. The new hub center will be built to easily handle the increasing volume of consignors externally and to improve service quality. Yongma Logistics expects to enhance both operational efficiency and profitability through the new hub center.

Yongin Giheung PFV, which is purchasing the Yongma Logistics site, is a special purpose vehicle established for real estate investment and development. Dong-A Socio Holdings plans to invest in Yongin Giheung PFV. Considering the locational characteristics of the acquired site, Yongin Giheung PFV plans to promote a multi-family housing development project to maximize profitability.

This land sale and PFV investment were decided by Dong-A Socio Holdings to increase profitability, secure investment funds, and support new growth engines. Previously, Dong-A Socio Holdings signed a contract to sell the factory and buildings of its subsidiary Suseok, located in Manan-gu, Anyang-si, Gyeonggi-do, to Asia Hub PFV for 175 billion KRW.

A representative of Dong-A Socio Holdings stated, "Dong-A Socio Group is striving to secure investment funds through asset efficiency and to make investments in the right places at the right time," adding, "These efforts will be used to strengthen the growth engine of Dong-A Socio Group, which is advancing toward its 100-year history, and to establish a foundation for new businesses."

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