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Tongyang Group, a mid-sized South Korean conglomerate, said Friday that it is pushing to sell part of its stakes in Tongyang life insurance Co. (KSE:082640) to improve its cement unit’s financial health. The group, which has been put under a creditor-led restructuring program since April in 2009, said the planned stake sale aims to reduce [...]
Posts Tagged ‘Life Ins’
SKOREA’S TONGYANG GROUP SEEKS SALE OF STAKES IN LIFE INS. UNIT
Posted by gary on November 5th, 2010
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