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SeAH Steel to demerge into holding and operating entities-The 19th China (Guangzhou ) Int’l Casting product Exhibition
4/12/2018 铸件展-casting expo-Die-casting expo-foundry expo |
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Pulse reported that SeAH Steel Corp, South Korea’s leading steel pipe manufacturer, is set to become a holding company by demerging itself into separate entities for investment business and steel manufacturing, a move to bring efficiency to managing subsidiaries and ensure more responsibility and independence in management and faster decision-making. The company said Monday its board approved the plan to split its structure into SeAH Steel Holding Company, which would be in charge of investment activities, and SeAH Steel, which would handle its mainstay steel business. Shareholders would receive shares in the newly-formed SeAH Steel proportionate to their current ownership.
SeAH Steel plans to hold a shareholder meeting on July 27 to finalize the plan and aims to complete the demerger on September 1.
The company said the conversion into a holding structure is part of efforts to better manage its fleet of subsidiaries, which have grown over the years from the formation of new entities and series of mergers and acquisitions.
铸件展-铸件采购会-国际铸件展-2018第十九届广州国际铸件展会-巨浪展览
-The 19th China (Guangzhou ) Int’l
Casting product Exhibition
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