[DISCLOSURE]
Sungbo Chemical (003080) announced Aug. 19 that it plans to transfer its ownership of land and property worth 127 billion won (US$113.6 million) to Korea Land & Housing on expropriation for urban development.
The deal amounts to 118.11 percent of the firm’s equity capital in 2015.
By Jung Min-kyung (
mkj1105@heraldcorp.com)
