Aekyung Chemical, 27.1 Billion KRW Investment in Chinese Subsidiary

[Asia Economy Reporter Kang Nahum] Aekyung Chemical announced on the 11th that it will invest approximately 27.1 billion KRW in its China-based subsidiary, Aekyung Chemical Industry, a manufacturer of other chemical products.

After the investment, Aekyung Chemical's stake in Aekyung Chemical Industry will be 100%.

The company stated that the purpose of the investment is "to establish a new PA plant at the local corporation and to expand the plasticizer and polyol plants."