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Woongjin Holdings Co Ltd to divest asset into new subsidiary

Friday, 20 Dec 2013 02:38am EST 

Woongjin Holdings Co Ltd:Says divested its assets, debts, contracts and cash for the payment of lawsuit fee, into a new wholly owned subsidiary, namely Tae Seung LP Co. Ltd., for its turnaround and bankruptcy reorganization, on Dec. 20.Says the new entity, capitalized at 500 million won, will be engaged in the provision of management consulting service, lease and sale of properties, manufacturing and sale of computers and advertising, among others. 

Company Quote

-35.0 -1.82%
26 Dec 2014