Loa & Co Holdings to Sell Jongno-gu Land and Buildings for 174 Billion Won to Improve Financial Structure

Loa & Co Holdings, a comprehensive entertainment company, announced on July 22 that it has decided to sell land and buildings in Jongno-gu, Seoul, valued at 174 billion won. The assets include 382.2 square meters of land and 14,570.42 square meters of buildings located at 1-36 and 1-183, Dongseong-dong. The sale constitutes 21.85% of the company's total assets as of the end of its most recent fiscal year. The transaction, with Atlas Link as the buyer, aims to improve financial structure through asset divestiture, with proceeds intended for debt repayment and liquidity enhancement. Payment will be made in cash, with 60 billion won paid upfront and the remaining 114 billion won offset against existing debt and guarantees.