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Choong-wae Holdings sells its 33.75% stake to affiliated company

Published: 2010-11-05 06:58:00
Updated: 2010-11-05 06:58:00
Choong-wae Holdings transferred a 33.75 percent stake to its affiliated company Choong-wae, according to the Financial Supervisory Service (FSS).

The company held a board of directors' meeting on November 3, and determined to sell 2.03 million shares or 33.75 percent stake in Hyundai Elevator.

The shares cost 55 billion won and will significantly improve the financial condition of Choong-...

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