Brief: Seah Steel to set up new wholly owned subsidiary in U.S.

Seah Steel Holdings

21/11/2016 04:29

Nov 21 (Reuters) - Seah Steel Corp  003030.KS  : 
    
    * Says it will invest 18.32 billion won to set up a new 
wholly owned subsidiary in U.S., to expand U.S. OCTG market  
    * The subsidiary will be named as SeAH Steel Investment 
America LLC (SSIA), which is a non-financial controlling company 
    * Expected transaction settlement date is Nov. 25 
     
    Source text in Korean: https://goo.gl/TdN7iI 
    Further company coverage:  003030.KS  
 
 (Beijing Headline News) 
 ((Beijing.HeadlineNews@thomsonreuters.com; +86 010 62674724; 
Reuters Messaging: hedy.cui.reuters.com@reuters.net))