Lock Lock, closing down its business in China
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[Alpha Biz= Reporter Paul Lee] Lock amp; Lock, a domestic manufacturer of airtight containers, is reducing its workforce at domestic facilities while also proceeding with the liquidation and sale of its Chinese subsidiaries. Lock amp; Lock is in discussions with potential buyers to sell stakes in its Chinese subsidiaries. However, specific transaction terms have not been finalized yet. Among the entities up for sale is Lock amp; Lock Suzhou Corporation, the last remaining production entity of Lock amp; Lock in China. It was the only Chinese subsidiary of Lock amp; Lock to record a profit last year, with sales of 19.6 billion won and a net profit of 800 million won. Additionally, Lock amp; Lock plans to liquidate its Beijing subsidiary by the end of this year. Lock amp; Lock Shenzhen Corporation and Lock amp; Lock Beijing Corporation are entities responsible for operations in China, both reporting net losses of 3.5 billion won and 3.3 billion won respectively last year. 관련기사 ▶ Eugene Investment amp; Securities reported an operating profit of 17.6 billion won for the first quarter, marking a 50% decrease compared to the previous year. ▶ Hyosung TNC has decided on a capital increase of 958 billion won, aiming to expand its facilities in China. ▶ HD Korea Shipbuilding amp; Offshore Engineering has divested a 3% stake in HD Hyundai Heavy Industries through a block deal, totaling 3.741 trillion won. ▶ 월마트WMT.N, 연간 매출 및 이익 전망 상향 조정…주가 반등 ▶ 마이크로소프트MSFT.O, 中 본사 직원 해외 파견 권고 / 알파경제 Paul Lee Reporter |
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