Daegu Department Store has selected a sale agent for disposing of its tangible assets, including the main store, Daebaek Outlet, and the Shinseong store, and is in the process of selling them.
On the 26th, Daegu Department Store responded to the Korea Exchange's inquiry regarding significant market fluctuations. However, Daegu Department Store noted, "There are currently no specific decisions or confirmed matters."
The stock price of Daegu Department Store jumped 40.2% (2,810 won) over four trading days, from 6,990 won on the 20th to a closing price of 9,800 won on that day.
Daegu Department Store's main store was closed in July 2021 due to management difficulties and other reasons. Although it seemed a sale contract for the main store would be made the following year, it ultimately fell through due to unpaid down payments and balances. Daegu Department Store also announced a public sale last year, but the contract did not materialize.
Daegu Department Store has reiterated that the largest shareholder is also pursuing the sale of management rights equity. Daegu Department Store stated, "As confirmed with the largest shareholder, negotiations for a share transfer agreement that involves a change of the largest shareholder are ongoing with preliminary candidates; however, there are no specific decisions or confirmed matters."