Seobu T&D Transfers Land and Buildings Worth 364.2 Billion KRW

[Asia Economy Reporter Geum Bo-ryeong] Seobu T&D announced on the 16th that it has decided to transfer land and buildings located in Yeonsu-gu, Incheon, worth 364.2 billion KRW to its subsidiary, Shinhan Seobu T&D Entrusted Management Real Estate Investment Company.

The purpose of the transfer is "efficient and flexible asset management and improvement of financial structure through the securitization of held real estate."