Brief: HITEJINRO HOLDINGS to sell entire shares of HITEJINRO ETHANOL

Hitejinro Holdings

24/05/2016 03:54

May 24 (Reuters) - HITEJINRO HOLDINGS CO., LTD   000140.KS  
: 
     
    * Says it will sell its 100 percent stake in HITEJINRO 
ETHANOL CO.,LTD, which is engaged in alcohol producing business, 
for operating efficency and improvement of financial soundness 
    * Says transaction amount of 73.5 billion won 
    * Expects transaction settlement date of July 29 
    * To hold 0 pct stake in the target company, after the 
transaction 
     
     
    Source text in Korean: http://me2.do/xy8A5CV2 
    Further company coverage: 000140.KS  
 
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Keywords: HITEJINRO/BRIEF