Mando Corp. to divide into investment, manufacturing firms
Apr 7, 2014
(Yonhap) -- Mando Corp., one of South Korea's largest car parts manufacturers, said Monday that it will be splitinto two separate companies to enhance overall competitiveness and improve transparency.The car parts arm is to become an independent corporate entity focused on production and research and development, with the investment unit to act as the holding company, it said.The holding company, tentatively named Halla Holdings, will take change of all future investments in its affiliate.Mando,