SUN&L will move to sell its entire stake in and management rights of its subsidiary Sun&L Interior Co.

SUN&L announced on the 4th that, following a board resolution, it decided to pursue the sale of its 2.6 million common shares in Sun&L Interior and the company's management rights. The stake to be sold represents 100% of shares, and Sun&L Interior's subsidiaries are also included in the sale.

The book value of the shares to be sold is 11.703 billion won based on the consolidated financial statements at the end of 2025, accounting for 5.2% of SUN&L's equity capital.

The company cited the following as the purpose of the sale: restructuring its business portfolio to focus on the lifestyle beauty business, and improving its financial structure.

The sale is expected to proceed through a competitive sale process, such as a limited competitive bidding, targeting multiple potential acquirers. However, the sale method may change depending on progress.

The sale advisor is Samhwa Accounting Corp. The sale price has not yet been determined, and the company plans to disclose it in accordance with relevant regulations once the counterparty and terms are finalized.

SUN&L aims to sign the main contract in the first half of 2027, though the schedule may vary depending on progress. The counterparty and specific transaction terms have not yet been finalized.

The company explained that the sale could be delayed, changed, or canceled depending on due diligence results, the negotiation process, and changes in internal and external business conditions. The specific transaction structure may also change during negotiations with the buyer, and if shareholder approval is required under relevant laws and the articles of incorporation, the company plans to proceed through that process.