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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] Daewoo Construction, a Kospi-listed company, announced on the 11th that it will invest approximately 110.8 billion KRW in its construction subsidiary in Vietnam, Daewoo Engineering & Construction Vietnam.
Following the investment, Daewoo Construction will hold a 100% stake in the subsidiary.
The purpose of this move, as stated by Daewoo Construction, is to participate in a shareholder allocation rights issue.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
