Brief: WOORY INDUSTRIAL to invest 2.87 bln won to set up Hubei Huagong Woory Technology with partner

Woory Industrial

29/07/2016 08:49

July 29 (Reuters) - WOORY INDUSTRIAL CO.,LTD.   215360.KQ  : 
     
    * Says it plans to invest 2.87 billion won to set up JV in 
China, namely Hubei Huagong Woory Technology Co., Ltd, which 
will be engaged in the sales of PTC heater for electricity cars  
    * Says the JV will be capitalized at 5.64 billion won and 
the co will hold 51 percent stake in it 
     
     
    Source text in Korean: http://me2.do/FtXCvKSz 
    Further company coverage: 215360.KQ  
 
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