Hyosung to sell packaging unit to Standard Chartered PE for 415 bln won

HYOSUNG

29/10/2014 08:28

SEOUL, Oct 29 (Reuters) - Korean chemicals firm Hyosung Corp 
 004800.ks  said on Thursday  it had signed a deal to sell its 
packaging business to Standard Chartered Private Equity for 415 
billion Korean won(396.07 million US dollar), in a bid to 
improve its financial profile and restructure its business.  
($1=1,047.7900 Korean won) 
 
 (Reporting by Hyunjoo Jin; Editing by Clarence Fernandez) 
 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters 
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net)) 
 
Keywords: HYOSUNG STANDARD CHARTERED