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Hyosung Chemical |
[Alpha Biz= Reporter Kim Sangjin] Hyosung Chemical announced on the 20th that it will invest approximately 55.2 billion KRW in its Vietnamese subsidiary, Hyosung Vina Chemicals, to improve its financial structure. This investment is equivalent to 89.2% of Hyosung Chemical's equity capital.
Hyosung Vina Chemicals is a subsidiary of Hyosung Chemical that manufactures and sells products such as propylene and polypropylene. After the investment, Hyosung Chemical's stake in Hyosung Vina Chemicals will remain at 100%.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
