January 9, 2017 / 1:17 AM / 6 months ago

BRIEF-Zaigle to invest 118.9 mln won to set up new wholly owned subsidiary in China

1 Min Read

Jan 9 (Reuters) - Zaigle Co Ltd :

* Says it will invest 118.9 million won to set up a new subsidiary in China, named Shaoxing Zaigle Co., Ltd, to boost export and local demand

* Says the new subsidiary will be capitalized at 118.9 million won and will be engaged in Zaigle distribution and selling

* Says it will hold 100 percent stake in the subsidiary

Source text in Korean: goo.gl/8GWEm0

Further company coverage: (Beijing Headline News)

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