TEHO International, through its wholly-owned subsidiary, TEHO Rope Korea, has entered into a property sales contract with an unrelated third party for the acquisition of a warehousing facility in Busan, Korea. 

According to an Oct 2 release, the purchase consideration for the proposed acquisition stands at KRW2.9 billion ($2.9 million). The group has since paid a down payment of KRW295 million for the proposed acquisition. 

The balance purchase consideration of KRW2,655,000,000 is expected to be paid by Oct 30. 

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