HLB Pep will embark on a new facility investment worth 3.5 billion won to transfer its headquarters building and expand production facilities.
HLB Pep said on the 13th in a filing that it will invest 3.5 billion won to carry out construction and related auxiliary work. This equals 13.81% of its equity capital of 25.3409573073 billion won.
The investment period runs from the 23rd to Oct. 31. The end date is the scheduled completion date and may change depending on construction progress.
The company said, "The amount excludes the purchase costs for production facilities and machinery, land acquisition costs, and various public charges," and added, "All funding will be raised entirely from its own cash holdings."
HLB Pep plans to transfer its headquarters and expand production capacity through this investment.