◆Miwon Holdings=Announced that its operating profit for the fourth quarter of last year reached 6.5 billion KRW, marking a 176% increase compared to the same period last year. The company explained that the profit growth was due to cost reduction and yield improvement.
◆Aegis Residence REIT=Announced that its sales for the fourth quarter of last year reached 9.1 billion KRW, a 207% increase compared to the same period last year. The increase was attributed to a significant rise in real estate-related securities valuation gains amounting to 6.53 billion KRW.
◆Hanon Systems=Regarding rumors of the largest shareholder's stake sale, the company announced that it is in discussions with potential buyers about various options including stake sales, but the review process has been delayed due to delays in due diligence caused by the ongoing COVID-19 situation.
◆Hyundai Electric=Announced a decision to provide a debt guarantee for 23.7 billion KRW in borrowings by its subsidiary, the Alabama corporation. This amount corresponds to 3.49% of the total equity capital.
◆Sewon ENC=Announced plans to dispose of SSC Engineering shares worth 10 billion KRW. After the disposal, the shareholding ratio will be approximately 4.61%.
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