Sambu Engineering & Construction Files Revised Rehabilitation Plan to Spin Off Litigation Assets

Bitget2026/10/29 10:37

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Sambu Engineering & Construction filed an amended rehabilitation plan with Seoul Rehabilitation Court on Oct. 29, 2026, proposing a subsidiary spin-off.
The proposed SB Asset Management would receive KRW 7.3 billion in assets, valued as of June 30, 2026, with no liabilities transferred.
The parent would seek to exit rehabilitation following the subsidiary’s incorporation; the subsidiary would remain in rehabilitation to pursue avoidance litigation.
The parent would retain 100% ownership of the unlisted subsidiary, preserving its own listing and existing shareholders’ ownership percentages.
All litigation gains and losses would ultimately accrue to the parent, with the subsidiary later dissolved or merged back.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sambu Engineering & Construction Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261029800880), on October 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Sambu Engineering & Construction Files Revised Rehabilitation Plan to Spin Off Litigation Assets

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