Hansol Technics Sells Ochang Plant for 64 Billion Won

Sale of Plant to Cosmecca Korea
Proceeds to Be Used for Securing Liquidity and More

Hansol Technics is working to improve its financial structure by selling its Ochang plant located in Cheongju, Chungbuk.

Aerial view of Hansol Technics' Ochang Plant in Cheongju, Chungbuk. Hansol Technics

On June 5, Hansol Technics held a board meeting and resolved to sell the Ochang plant, located in Ochang-eup, Cheongju, Chungbuk, to Cosmecca Korea for 64 billion won.

Cosmecca Korea is an OGM (Original Global Manufacturer) in the cosmetics sector, based in Eumseong, Chungbuk, and is expanding its business network both domestically and internationally.

This sale is part of Hansol Technics' ongoing global business restructuring efforts. In order to enhance production efficiency, Hansol Technics has relocated the production base of certain products previously manufactured at domestic facilities to overseas sites. The company plans to improve asset management efficiency and strengthen its financial soundness by selling idle assets.

The sale process is expected to be completed within this year, and the proceeds will be used to secure liquidity and improve the financial structure.

Recently, there have been concerns in the market that Hansol Technics' M&A activities and equity investments could lead to an increase in debt. Previously, Hansol Technics promoted a capital increase to raise funds for the acquisition of a non-memory semiconductor probe card manufacturing company. Hansol Technics explained that these financial improvement measures were implemented to address such concerns.

A Hansol Technics representative stated, "This asset sale is a strategic decision to improve our financial structure and enhance management efficiency," adding, "We will do our best to strengthen financial soundness and increase corporate and shareholder value based on the secured funds."

This content was produced with the assistance of AI translation services.