Sale of Loss-Making Factory for 135.3 Billion KRW, Expected Gain of 31.8 Billion KRW
Subsidiary ZINUS USA INC. decided to sell Georgia factory tangible assets (land and building) for 135.3 billion KRW, with an expected gain of 31.8 billion KRW
Sale aims to improve profitability and financial structure by disposing of loss-making production facility
Counterparty is HIGHLINE WARREN LLC; sale expected to close on August 23, 2026
The asset represents 12.6% of total assets; book value is 103.5 billion KRW (as of end of 2025)
KOSPI Filing Information
Filing: Decision On Disposal Of Tangible Assets (Major Management Matters Of Subsidiary)