United Kingdom

Autech to establish new subsidiary

Monday, 28 Mar 2016 

Autech Corporation:To invest 15,520,176,000 won to set up a new subsidiary in South Korea, with a unit of United Technologies Corporation.New entity will be engaged in the manufacturing of parking facilities.The new entity will be capitalized at 1 billion won.Expects transaction settlement date of March 29.Says company to hold 80.1 percent stake in the subsidiary. 

Company Quote

-190.0 -2.02%
4:59am BST