KR Motors Sells Land and Buildings for KRW 47.49 Billion

Bitget2026/10/19 08:53

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KR Motors will sell land and buildings in Changwon to Kangrim Heavy Industries for KRW 47.49 billion.
The sale represents 50.41% of total assets, aiming to improve the financial structure and bolster liquidity.
The contract signing is scheduled for Oct. 19, 2026, with a KRW 4.8 billion deposit due that day.
The remaining KRW 42.69 billion is due Oct. 30, 2026, the scheduled transfer date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. KR Motors Company Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261019000331), on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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KR Motors Sells Land and Buildings for KRW 47.49 Billion

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