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Dongwha seeking to secure cash
Published: 2009-02-24 06:56:00
Updated: 2009-02-24 06:56:00
Dongwha Pharm said in regulatory filing that it plans to dispose of stakes in its plant and research center at Anyang, Kyunggi Province to Sungji Construction Co., to secure cash.
Through the disposal, the company will receive 83 billion won from Sungji at the end of this year.
The company plans to spend the secured cash for a newly constructed plant.
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