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BRIEF-HITEJINRO HOLDINGS to sell entire shares of HITEJINRO ETHANOL
May 24, 2016 / 2:56 AM / a year ago

BRIEF-HITEJINRO HOLDINGS to sell entire shares of HITEJINRO ETHANOL

May 24 (Reuters) - HITEJINRO HOLDINGS CO., LTD :

* Says it will sell its 100 percent stake in HITEJINRO ETHANOL CO.,LTD, which is engaged in alcohol producing business, for operating efficency and improvement of financial soundness

* Says transaction amount of 73.5 billion won

* Expects transaction settlement date of July 29

* To hold 0 pct stake in the target company, after the transaction

Source text in Korean: me2.do/xy8A5CV2

Further company coverage: (Beijing Headline News)

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