Brief: Kolon Industries to invest 92.73 bln won to set up wholly owned subsidiary in Vietnam

Kolon Industries

29/11/2016 01:55

Nov 29 (Reuters) - Kolon Industries Inc  120110.KS  : 
 
    * Says it will set up a new wholly owned subsidiary in 
Vietnam, named Kolon Industries Binh Duong Company Limited 
    * Says the new subsidiary will be capitalized at 92.73 
billion won and will be engaged in manufacturing polyester tire 
cord 
    * Says it will invest 92.73 billion won to hold 100 percent 
stake in the new subsidiary  
     
    Source text in Korean: https://goo.gl/QN3TJH 
    Further company coverage:  120110.KS  
 
 (Beijing Headline News) 
 ((Beijing.HeadlineNews@thomsonreuters.com; +86 010 62674724; 
Reuters Messaging: hedy.cui.reuters.com@reuters.net))