Yonhap Infomax NewsShinsegae Food Co. shares fell after announcing the 120 billion won sale of its food service unit, but analysts say the move will improve profitability and financial health, with proceeds to be used for core business expansion and debt management.
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Investors Surprised by Food Service Unit Sale—Shinsegae Food Shifts Focus to Profitability Improvement
Shinsegae Food Co. shares fell after announcing the 120 billion won sale of its food service unit, but analysts say the move will improve profitability and financial health, with proceeds to be used for core business expansion and debt management.