Dong Nam Chemical Sells Stake in Daehan Parkerizing

According to this report by MK Business, Dong Nam Chemical has sold a 20.14 percent stake in Daehan Parkerizing to Nihon Parkerizing for 8.9 billion won. According to the article, the sale was undertaken as a part of Dongnam’s restructuring and capital raising efforts. Nihon Parkerizing already owned a 50 percent stake in Daehan. Dong Nam Chemical recorded sales of 59.7 billion won and operating profits of 1.5 billion won in 2011. CONTINUE READING AS YOU ENTER THE WORLD @KOREAPE

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