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Dongbu Steel to take over subsidiary’s US$20m debt

PUBLISHED : September 13, 2017 - 21:08

UPDATED : November 16, 2017 - 09:13

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[DISCLOSURE] Dongbu Steel (016380) announced on Sept. 13 that it has decided to take over US$20 million debt of Dongbu Vietnam Steel, a wholly-owned subsidiary of its subsidiary Dongbu Singapore. This amounts to 12.7 percent of its equity capital.

By Hwang You-mee (glamazon@heraldcorp.com)

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