[DISCLOSURE]
Hi-Steel (071090) said on Oct. 19 that it has been cleared by the Ministry of Trade, Industry and Energy to enter its corporate restructuring process under the Special Act on Corporate Revitalization.
The steel pipe manufacturer had applied for the process on Oct. 5 and plans to sell off its factory in Incheon and some of its facilities as part of the plan.
By Jung Min-kyung (
mkj1105@heraldcorp.com)
