Brief: Zaigle to invest 118.9 mln won to set up new wholly owned subsidiary in China

Zaigle

09/01/2017 01:12

Jan 9 (Reuters) - Zaigle Co Ltd  234920.KQ  : 
     
    * Says it will invest 118.9 million won to set up a new 
subsidiary in China, named Shaoxing Zaigle Co., Ltd, to boost 
export and local demand  
    * Says the new subsidiary will be capitalized at 118.9 
million won and will be engaged in Zaigle distribution and 
selling  
    * Says it will hold 100 percent stake in the subsidiary  
     
     
    Source text in Korean: https://goo.gl/8GWEm0 
    Further company coverage:  234920.KQ  
 
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