Yonhap Infomax NewsPOSCO Group has sold its Chinese stainless steel subsidiary Zhangjiagang Pohang Stainless Steel to Tsingshan Group for about 400 billion won ($290 million), accelerating Chairman Chang In-hwa’s business restructuring and securing funds for future growth initiatives in India and the US.
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https://en.infomaxai.com/news/articleView.html?idxno=71423
POSCO Accelerates Business Restructuring with Sale of Chinese Stainless Steel Subsidiary
POSCO Group has sold its Chinese stainless steel subsidiary Zhangjiagang Pohang Stainless Steel to Tsingshan Group for about 400 billion won ($290 million), accelerating Chairman Chang In-hwa’s business restructuring and securing funds for future growth initiatives in India and the US.