Brief: Songwon Industrial to buy stake in Songwon International AG for 76.09 bln won

Songwon Industrial

25/11/2016 06:07

Nov 25 (Reuters) - Songwon Industrial Co Ltd  004430.KS  : 
 
    * Says it will buy 27,555 shares of Songwon International 
AG, a Switzerland chemical products company, to improve 
management efficiency by simplifying governance structure  
    * Says transaction amount is 76.09 billion won 
    * Says it will hold 100 percent stake(46,075 shares) in 
Songwon International AG, after the transaction  
     
    Source text in Korean: https://goo.gl/mhB6SB 
    Further company coverage:  004430.KS  
 
 (Beijing Headline News) 
 ((Beijing.HeadlineNews@thomsonreuters.com; +86 010 62674724; 
Reuters Messaging: hedy.cui.reuters.com@reuters.net))