This is an amended filing · View original →
Disclosure
DCommentary
AI commentary · Not investment advice
What happened
Daegu Department Store decided to transfer its head-office land and building, located at 166-1 Dongseong-ro 2-ga, Jung-gu, Daegu and 17 other lots, for KRW 130.0 billion. The buyer is Daegu Medicity K Global Co., Ltd., and the contract was signed on 2026.10.13. The company states the purpose is improving its financial structure and operating efficiency. The board resolved on the deal on 2026.10.27.
In the company's terms
The transfer amount equals 30.90% of total assets of KRW 420.7 billion. Relative to market capitalization it is stated as 449.9%. The external valuer is Jiam Accounting Corporation.
What changes for shareholders
Payment is split into a KRW 1.5 billion down payment, a KRW 3.0 billion second interim payment, a KRW 28.0 billion third interim payment and a KRW 95.0 billion final payment. The transfer reference date and the registration date are both 2027.12.15. This filing also corrects the installment schedule of the first interim payment.
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