KOR
▲ Citizens shop at a Homeplus branch in Seoul on September 10. Homeplus is holding the "Homepl is Back" promotional event ahead of Chuseok, offering up to 40% off all Korean beef products and U.S. eggs priced in the 3,400 won range.
Homeplus announced on September 17 that it has initiated procedures to sell its hypermarket business, including its online division, as well as real estate properties of closed stores.
Samil PricewaterhouseCoopers, the lead manager for the sale, plans to send investment prospectuses to potential acquisition candidates this week.
The sale of the hypermarket business, including the headquarters and the online division, will be conducted through a business transfer method, while the closed store real estate will be sold individually.
Once the sales contract is concluded, Homeplus must reflect the proceeds in its existing rehabilitation plan, redraw the plan, and submit it to the court.
In this case, the schedule for debt repayment to creditors could also be brought forward compared to the original timeline.
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.
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