[Edaily Reporter Lee Hye-ra] S&K Polytech (#S&KPolytech) has secured a large amount of capital and realized a profit through the successful sale of idle real estate.

S&K Polytech DMS S&K Polytech announced on the 11th that it will transfer an idle factory site and building located in Ansan, Gyeonggi Province, to Cosmax Neo for 48 billion won.
The book value of the assets is approximately 17.8 billion won, resulting in a capital gain of about 30.2 billion won from this sale. This gain exceeds the company’s current market capitalization of approximately 25.5 billion won.
The funds secured will be used to repay debt and then as capital for identifying future growth engines and making investments. With a large amount of capital secured, the company plans to improve its business structure and pursue new ventures through the execution of an aggressive mergers and acquisitions (M&A) strategy.
A company official stated, “Through the successful sale of the idle factory, we have secured not only a substantial capital gain but also investment funds,” adding, “With our financial capacity for investment now strengthened, we will actively pursue the discovery of future growth engines.” The official further noted, “We will make every effort to enhance our corporate value, which is currently undervalued to the point of falling short of our cash and cash equivalents.”