Shinheung Decides to Transfer Tangible Assets Worth 27 Billion KRW

[Asia Economy Reporter Minji Lee] Shinheung announced on the 21st that it will transfer the building located at 933 Jungang-daero, Busanjin-gu, Busan, to Daesungmun Co., Ltd. The transfer amount is 27 billion KRW, which corresponds to 18% of the total assets.

The company explained, "This is to improve the financial structure by enhancing asset management efficiency and securing cash liquidity."