KUMHO ELECTRIC completes receipt of final payment for subsidiary's asset sale of 5.61 billion won (2026.05.19)
Final payment (50%, VND 51,192,678,680) for the disposal of land and buildings by subsidiary KUMHO ELECTRIC VINA was received on 2026.05.19, amending the expected disposal date from 2026.05.29 to 2026.05.19
Total disposal amount: VND 102,385,357,360 (approx. 5.61 billion won at exchange rate KRW/100VND=5.48), representing 16.83% of parent company's consolidated total assets (33,341,564,828 won)
Purpose: Secure liquidity, improve management efficiency and financial structure
Counterparty: THO PHAT TAI CO.,LTD
This is a correction of the original disclosure dated 2026.01.29, with no material change other than the adjustment of the payment receipt date
KOSPI Filing Information
Filing: [Correction of Description] Decision on Disposal of Tangible Assets (Major Management Matters of Subsidiaries)