[Edaily Reporter Shin Ha-yeon ] CAMUS ENGINEERING & CONSTRUCTION Inc.(013700)has completed the sale of the Anseong Seongeun District Mixed-Use Logistics Center, thereby shedding its financial burden related to project financing (PF).
CAMUS ENGINEERING & CONSTRUCTION Inc. announced on the 1st that, following the completion of the sale of the Anseong Seong-eun District Multi-Purpose Logistics Center on the 30th of last month, the company has resolved the 1750억 won PF debt burden it had assumed in 2024 due to a failure to meet the completion guarantee.
Through this sale, the company also recovered approximately 7.9 billion won in loans it had provided to secure funds for interest payments during the PF extension process, as well as 23 billion won in outstanding construction receivables resulting from the settlement of construction costs.
Consequently, the company explained that, in addition to resolving the PF risk, it expects to see improved cash flow and strengthened financial soundness.
A CAMUS ENGINEERING & CONSTRUCTION Inc. official stated, “The completion of this sale of the Anseong Multi-Purpose Logistics Center is highly significant as it not only resolves the burden of large-scale PF debt but also recovers the loan and outstanding construction receivables,” adding, “We will continue to enhance our financial soundness through conservative project management and thorough risk assessments.”
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