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Chain Chon Industrial Co Ltd's Subsidiary to Sell 37.28% Stake in China-based Company to Sumitomo Corporation and Sumitomo Corporation (Shanghai) Limited

Monday, 14 Oct 2013 06:24am EDT 

Chain Chon Industrial Co Ltd announced that its subsidiary, CHAIN CHON INTERNATIONAL CO., LTD, will sell a 34.49% stake in a wholly owned China-based stainless steel company to Sumitomo Corporation for USD 3,449,000, as well as a 2.79% stake in the China-based company to Sumitomo Corporation (Shanghai) Limited for USD 279,000. 

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