JC Partners Moves to Sell Recycling Firm Hwangjo, Targeting Valuation Above 100 Billion Won

JC Partners is reportedly pursuing the sale of Hwangjo, a recycling company, on May 12. According to Radar M, Maeil Business Newspaper’s paid capital markets outlet, the transaction is being positioned with a target enterprise value of more than 100 billion won. Hwangjo’s operating margin is said to have improved sharply to around 25% amid a global rally in raw material prices. With stronger earnings coinciding with the planned sale, market attention is expected to focus on future deal terms and valuation. Source: mk.co.kr.