Koramco The One REIT Decides to Transfer Hana Securities Building for 813.2 Billion KRW, Expecting Profit Distribution to Boost Shareholder Value
The company decided to transfer the land and building of Hana Securities Building in Yeouido, Seoul to Hana Alternative Investment Private Real Estate Investment Trust 230 for 813.2 billion KRW.
The sale price amounts to 160.37 percent of total assets of 507.1 billion KRW, and the resulting gain on disposal of tangible assets is expected to significantly increase distributable reserves.
The company plans to distribute the profit from this transaction to shareholders to enhance shareholder value, and the special resolution has already been passed at the general meeting.
[AI Summary]This asset sale is more than double the company's market capitalization, and the large capital gain is expected to lead to substantial dividends, which is highly positive for shareholder value.
KOSPI Filing Information
Filing: [Correction of Description] Major Report (Decision to Transfer Tangible Assets)