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Choong-wae to set up holding firm in July

Published: 2007-06-26 06:57:00
Updated: 2007-06-26 06:57:00
Korea's leading pharmaceutical manufacturer Choong-wae Pharm will establish a holding company in July to improve corporate governance, the company said in its regulatory filing recently. Choong-wae joins Korea Green Cross and Daewoong Pharm that shifted to a holding company structure.

On May 30, the board of directors approved a plan to split the company into a holding firm and an operating ...

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