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[Alpha Biz=(Chicago) Reporter Kim Jisun] While major affiliates of Dayou Winia Group are undergoing court receivership due to financial difficulties, Daeyu Global, an auto parts company, has also applied for the start of corporate rehabilitation procedures.
Dayou Plus announced on the 21st that its subsidiary, Dayou Global, filed an application with the Seoul Rehabilitation Court on the 20th for the commencement of rehabilitation procedures, the preservation of the company's property, and a comprehensive ban.
Dayou Winia Group affiliates are undergoing a series of court receivership procedures due to worsening management and large-scale wage arrears. Last month, the Seoul Rehabilitation Court decided to initiate rehabilitation procedures for Winia Electronics (formerly Winia Daewoo), Winia Electronics Manufacturing and Winia (formerly Winia Dimchae).
Daeyu Winia Group affiliates are seeking to normalize their management through the sale of assets. Following the 300 billion won plant in Mexico, Winia Electronics has also put the group-owned golf course and Seongnam R & D center up for sale. Montvert CC, a golf course in Pocheon, Gyeonggi Province, has completed the sale.
To improve its financial structure, Dayou A-Tech signed a stock trading contract on the 17th to sell 4.87 million shares of Dayou A.P. to DH Global for 36.9 billion won.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
