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Woongjin Holdings Co Ltd completes divesting assets into new subsidiary


Tuesday, 24 Dec 2013 02:13am EST 

Woongjin Holdings Co Ltd:Says completed the establishment of a new wholly owned subsidiary, Tae Seung LP Co. Ltd., on Dec. 24, which was established due to the company's divestiture of assets, debts, contracts and cash for the payment of lawsuit fee into a new subsidiary for turnaround and bankruptcy reorganization.Says the number of the company's subsidiaries increased to seven from six. 

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