HIMS Decides to Acquire Land and Building in Pyeongtaek Brain City Industrial Complex for 16.2 Billion KRW to Boost Production Capacity
The company announced a correction to its tangible asset acquisition disclosure, extending the target date to December 31, 2026 due to delays in the industrial complex development, with the original agreement signed in April 2023.
The acquisition involves land and building in Pyeongtaek Brain City General Industrial Complex for 16.20749 billion KRW, representing 20.38% of total assets of 79.5234 billion KRW, aimed at expanding production capacity.
The counterparty is Pyeongtaek Urban Corporation, a public entity, and an external appraisal by Barom Accounting Corporation deemed the price appropriate.
Payment is structured with a 10% deposit, five 15% interim payments, and a final 15% balance, to be paid by the time of ownership transfer.
No treasury stock or dividend changes are involved.
[AI Summary]This capital allocation for productive expansion scores positively on growth purpose, with no dilution and a credible counterparty, resulting in a final score of 6 out of 10, indicating a neutral to slightly positive impact on shareholder value.
KOSDAQ Filing Information
[Correction of Description] Report on Material Fact (Decision on Acquisition of Tangible Assets)