Disposal of Hanam Property for 59.2 Billion Won... Aimed at Improving Financial Structure and Repaying Debt, Expected to Enhance Shareholder Value

ILSUNG CONSTRUCTION decided to sell land and buildings in Hanam-si (Choi-dong) worth 59.2 billion won, representing 15.62% of total assets.
The purpose is to improve financial structure and repay borrowings, securing liquidity with approximately 59.3 billion won in cash inflow.
The counterparty is Very Good Tile & Stone Co., Ltd., a construction materials wholesaler, and external appraiser Daehyun Accounting Corp. provided a fair opinion.
The sale is expected to reduce debt burden and enhance financial soundness, positively impacting financial indicators such as BIS ratio.
[AI Comprehensive Analysis]This disposal of tangible assets is a substantive measure to improve ILSUNG CONSTRUCTION's financial structure, contributing to short-term liquidity and debt reduction. However, investors should monitor potential changes in profitability from the sale of core assets.