Overview
- Homeplus confirmed receipt of at least two letters of intent by the preliminary bidding deadline on Oct. 31, with Samil PwC directing the process.
- Harex InfoTech submitted an LOI and says it plans to raise about 2.8 trillion won (roughly US$2 billion) in the United States through Anari Capital to fund a purchase.
- The court accepted Samil PwC’s view that liquidation value exceeds going‑concern value, clearing the way for an auction before rehabilitation plan approval.
- After bids are filed, the court will assess proposals and hear creditors’ views before any acquisition is approved, and the Nov. 10 rehabilitation‑plan deadline is expected to be extended.
- The proposed structure would cancel MBK Partners’ common shares and issue new shares to the buyer to inject proceeds into the company, and new suitors can still join before the final bid deadline.