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Article: S KOREA'S POONGSAN TO SPLIT INTO HOLDING, OPERATING FIRMS.
- Article from:
- AsiaPulse News
- Article date:
- April 16, 2008
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SEOUL, April 16 Asia Pulse - Poongsan Corp. (KSE:005810), a South Korean supplier of non-ferrous metals and defense products, said Wednesday it has decided to turn itself into a holding company to improve its corporate structure and enhance investor interest.
Starting July 1, Poongsan will be separated into a holding company and two operating companies, the company said in a regulatory filing.
The holding company will be tentatively named "Poongsan Holdings," while one operating company will be ...