South Korea's Haitai Htb Sale Hits Final Bidding Stage Amid Valuation Concerns

The sale of Haitai htb, South Korea's beverage subsidiary, is nearing its final bidding stage. Mega MGC Coffee and Godo Partners are conducting due diligence to assess the company's value. Last year, Haitai htb posted revenue of 374.1 billion won ($277.3 million) with an operating loss of 10.1 billion won ($7.5 million). The sale excludes Coca-Cola Beverage, which accounted for 45.9% of total revenue.

The seller is expecting a price of around 300 billion won ($222.4 million), but last year's EBITDA fell 55% to 12.5 billion won ($9.3 million). Due diligence has taken longer than expected as bidders review the existing business's profit structure and potential post-acquisition restructuring.

Haitai htb owns long-standing beverage brands, including Gal-A-Mandarin, Bong Bong, Coco Palm, and Gangwon Pyeongchang Water. The company's value is expected to be determined by considering both its current performance and growth potential after independence.