Land and building in 21, Pangyo-ro 255beon-gil, Bundang-gu, Seongnam-si, Gyeonggi-do
(Mando Global R&D Center)
2. Details of disposal
Disposal amount (KRW)
400,000,000,000
Total assets (KRW)
5,704,365,860,108
Ratio to total assets (%)
7.01
Classified as a large-sized corporation?
Yes
3. Counterparty
HL Reit 2 Co., Ltd
4. Purpose of disposal
To improve financial structure and secure cash flow
5. Scheduled disposal date
2022-08-31
6. Date of board resolution (decision date)
2022-08-09
- Attendance of outside directors
Present (No.)
4
Absent (No.)
-
- Attendance of auditors (members of Audit Committee who are not outside directors)
-
7. Other matters to be factored into investment decisions
1) Details of the above disposal assets are as follows:.
- Land of Pangyo Global R&D Center: 619, Sampyeong-dong,
Bundang-gu, Seongnam-si, Gyeonggi-do (Site 8,627.4㎡)
- Building: Mando Global R&D Center, 619, Sampyeong-dong,
Bundang-gu, Seongnam-si, Gyeonggi-do
(Reinforced Concrete Structure Reinforced Concrete Roof 9th
Floor Educational Research Facility)
- Other Ancillary Personal Property: Any auxiliary equipment,
devices, fixtures, sculptures, works of art,
or personal property belonging to the Seller that are used or
attached in connection with the ownership, maintenance, use,
service or operation of this real estate.
2) The "Total assets" above are based on the consolidated
financial statements prepared in accordance with the Korea
International Financial Reporting Standards (K-IFRS) as of
the end of the latest fiscal year (end of 2021).
3) The "Disposal amount" above is the sales amount in the sales
contract excluding incidental expenses such as taxes and
public charges and commissions.
4) The "5. Scheduled disposal date" above is the expected date
of payment of the transaction price.
5) The Company's Audit Committee consists entirely of outside
directors.
6) The conditions and schedule above may be partially changed
during the contract process.
※ Related disclosure
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Mando Corporation published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 08:05:08 UTC.
HL Mando Corp, formerly Mando Corp, is a Korea-based company mainly engaged in the production and sale of automobile parts. The Company produces and sells automobile parts such as brake, steering and suspension systems. The brake systems include anti-lock brake systems (ABSs), traction control systems (TCSs) and electronic stability controls (ESCs). The steering systems include steering gear systems, steering columns and electric power steering (EPS). The suspension systems include electronically controlled suspensions (ECSs) and continuous damping controls (CDCs). The Company sells products in domestic and overseas markets such as China, the United States, and India.