Hyosung Chemical stated, "We are currently reviewing the sale of our stake in our Vietnam subsidiary... There have been no decisions made yet."
Kim SangJin
letyou@alphabiz.co.kr | 2024-06-05 07:48:02
Hyosung Chemical. (Photo=Hyosung Chemical)
[Alpha Biz= Reporter Kim Sangjin] On the 4th, Hyosung Chemical announced, "We are exploring various options for financial restructuring." They stated, "While considering the partial sale of shares in our Vietnamese subsidiary (Hyosung Vina Chemicals Co., Ltd.), no specific decisions have been made."
On the same day, one media outlet reported that Hyosung Chemical is considering the partial sale of shares in its Vietnamese subsidiary.
In the first quarter of this year, Hyosung Chemical recorded sales of 7.103 trillion won but incurred an operating loss of 348 billion won. The sequential deposit ratio improved to 2,643.2% compared to the end of last year (3,895.6%), but it remains at a high level.
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