Hyundai to buy 20% of Qinhuangdao Shouqin Metal Materials
(Shanghai Daily)
Updated: 2006-09-30 15:34
Hyundai Heavy Industries Co, the world's biggest shipyard, agreed to buy 20
percent of China's Qinhuangdao Shouqin Metal Materials Co to secure a stable
supply of steel plates.
Hyundai Heavy will pay 49 billion won (US$52 million) for the stake, the
Ulsan, South Korea-based company said in a regulatory filing
yesterday. (For more biz stories, please visit Industry Updates)
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