Hanwha REITs Acquires Hanwha Building Owned by Hanwha Life for 808 Billion Won
Hanwha REITs announced on the 8th that it has agreed to acquire the Janggyo-dong Hanwha Building from its affiliate Hanwha Life Insurance for 808 billion KRW. This amount corresponds to 113.74% of its total assets.
The asset acquisition was approved through a board resolution on the same day (the 8th) and will be finalized by a special resolution at the shareholders' meeting on the 31st of this month.
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The funds are scheduled to be paid in a lump sum in cash on the 28th of next month, with acquisition financing planned through borrowing and bond issuance. The company explained that "it is possible to generate income through real estate leasing."
This content was produced with the assistance of AI translation services.
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