Korea's solar energy panel parts maker Nexolon back on the sale block
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
Samil PricewaterhouseCoopers, the lead manager of the sale, said on Monday that it had won a local district court permit to proceed with the sale by offering rights offering to a third party. Letters of intent would be received by Mar. 25 and auction will be held on Apr. 29 after bidders complete due diligence.
Nexolon is a solar wafer maker led by Lee Woo-chung, who is the second son of OCI Group Chairman Lee Soo-young and younger brother of OCI CEO Lee Woo-hyun. Nexolon is known to be best in the local industry in production of ingots and wafers for solar panels.
The company ran into financial problem due to depressed photovoltaic demand and fiercer competition with the Chinese rivals and applied for court receivership in August last year. As of the third quarter last year, the company incurred an operating loss of 36.7 billion won ($30.88 million) on cumulative sales of 108.4 billion won. The first auction in late last year fell through because it failed to draw a single bidder.
The photovoltaic business is expected to turn around in the first half of this year, an investment bank industry official noted, adding that Chinese companies which have solidified positions on the global photovoltaic market could be interested in the company.
[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- Nongshim : The next challenge
- BOK Gov.: Sluggish exports result of depressed overseas demand, interest rate sufficiently accomm..
- Bank of Korea keeps rate unchanged for March, pressure mounting for a cut
- Oil & Mining market Outlook
- Young households' income fall for the first time since 2003
- 강경준, 상간남 피소…사랑꾼 이미지 타격 [MK픽] - 스타투데이
- AI가 실시간으로 가격도 바꾼다…아마존·우버 성공 뒤엔 ‘다이내믹 프라이싱’
- 서예지, 12월 29일 데뷔 11년 만에 첫 단독 팬미팅 개최 [공식] - MK스포츠
- 이찬원, 이태원 참사에 "노래 못해요" 했다가 봉변 당했다 - 스타투데이
- 양희은·양희경 자매, 오늘(4일) 모친상 - 스타투데이