Handok Clean Tech terminates KRW 6.6 billion land purchase deal with Korea Land & Housing Corp
Bitget2026/09/23 08:51- Handok Clean Tech’s board rescinded a June 28, 2023 resolution to acquire industrial land in the Nam Cheongju Hyeondo complex.
- The company terminated the sale contract with Korea Land & Housing Corp.’s Chungbuk branch by mutual agreement on Sept. 23, 2026.
- The cancelled transaction covered a 11,959-square-meter site in Cheongju, with an acquisition price of KRW 6.6 billion.
- Decision cited delays in the land’s usable date, reducing expected benefits to operating efficiency and shareholder value.
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