[Alpha Biz=(Chicago) Reporter Kim Jisun] Dayou Winia Group sold its affiliate DayouAP to DH Global to improve the group's financial structure.

Dayou A-Tech, an affiliate of Dayou Winia Group, announced on the 20th that it has signed a contract to sell 4.87 million DayouAP shares (37.66%) to DH Global for 36.9 billion won.

DayouAP is a company that manufactures auto parts such as steering wheels. Dayou A-Tech said in a public announcement that it will dispose of its shares to repay borrowings and improve its financial structure. The disposal date is the 28th of this month.

Dayou Winia Group has been speeding up the sale of its assets as insolvency, which began at Winia Electronics, began to spread to other affiliates.

 

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