Hyundai Elevator Reviewing Sale of Yeonji-dong Headquarters, Bolt Asset Management Selected as Preferred Bidder

Hyundai Elevator announced on July 14 that it has selected Bolt Asset Management as the preferred bidder for the sale of its Yeonji-dong headquarters and has notified the company accordingly.

Hyundai Elevator stated that, in line with the plan to enhance corporate value announced at the end of last year, it has been reviewing various options to optimize capital allocation, including the sale of the Yeonji-dong headquarters.

The company added, "We plan to proceed with discussions regarding the details of the sale," and noted, "We will make an additional disclosure either when specific details are finalized or within six months."

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