Samgi Invests 34 Billion KRW in Chinese Subsidiary

[Asia Economy Reporter Kim Hyung-min] Samgine, a KOSDAQ-listed company, announced on the 25th that it will invest approximately 34 billion KRW in its Chinese automobile parts manufacturing and sales subsidiary, Shandong Samgine Automobile Components. After the investment, Samgine's shareholding ratio will be 100%. Samgine explained that the purpose of this investment is "to improve financial structure."