Is there any financing problem for Harim Group's acquisition of HMM management

- Is there any financing problem for Harim Group's acquisition of HMM management rights? -

The HMM labor union is suspicious of Harim Group's 6.4 trillion won funding for the acquisition of HMM
I have it.

In addition to the 6.4 trillion won needed to acquire HMM's management rights, Harim is also said to invest more than 6 trillion won in high-tech logistics projects.

Then Harim has to invest approximately 13 trillion won.

Harim says it will raise about 3 trillion won out of the 6 trillion won it puts into the logistics industry through sales, but these days
Real estate PF is a problem, is this possible.

However, as of the end of last year, HMM's in-house reserves amounted to 10.5 trillion won.

Among them, the possible dividend amount will be about 9 trillion won.

So the rumor is that Harim will acquire HMM and expand his business with dividends from HMM.

In other words, Harim takes over HMM, but due to lack of funds, he forcibly raised funds (debt) from outside to take over HMM,

I have doubts that HMM's reserves are going to pay off the debt.

So some people are looking at Harim's takeover of HMM,

There is also a view that he is drooling over "Jaebap rather than Chanting."

In fact, Pan Ocean, a subsidiary of Harim Holdings, held only 460.4 billion won in cash equivalents in the third quarter.

In addition, Pan Ocean's total assets are about 7.967 trillion won, of which 6 trillion won worth of ships are already secured, and about 70% of them are already secured, so HMM's acquisition is inevitable.


In addition, Harim's cash equivalents are said to be 1.3 trillion won, including short-term financial products.

In addition, JKL Partners, which participated as a consortium with Pan Ocean, has less than 1 trillion won in funding.

However, Harim's acquisition price for HMM is 6.4 trillion won.

Then Harim will spend about 3.5 trillion won just to acquire HMM
I have to borrow it.

But the problem is that the shipping industry is currently closed to the Suez Canal
It is in a recession that is difficult to estimate, and this atmosphere will continue in 2024.

So, the reserves currently held by HMM should be used as emergency funds for HMM to overcome the recession in the shipping industry.

HMM and Harim, if you're wrong
You have to keep in mind that you may go bankrupt.

But the KDB and the Korea Maritime Development Corporation have made HMM
Why do they sell it at Harim?