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[THE INVESTOR] Hansol Paper, South Korea’s leading paper manufacturer, is weighing the sale of its thermal and graphic paper mill run by its subsidiary Artone, the company said on Aug. 29.
“We are leaving open the possibility of selling the Osan factory and will soon announce whether we intend to sell the asset,” an official at Hansol Artone Paper said.
If successful, the disposal of the factory located in Osan, Gyeonggi Province, is expected to help the company to improve its balance sheet.
Shares of Hansol Paper shed 0.67 percent to trade at 22,250 won (US$19.78) in intraday trading.
By Park Han-na (hnpark@heraldcorp.com)
