Edition:
United States

Autech to establish new subsidiary


Monday, 28 Mar 2016 04:00am EDT 

Autech Corporation:To invest 15,520,176,000 won to set up a new subsidiary in South Korea, with a unit of United Technologies Corporation.New entity will be engaged in the manufacturing of parking facilities.The new entity will be capitalized at 1 billion won.Expects transaction settlement date of March 29.Says company to hold 80.1 percent stake in the subsidiary. 

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