(Photo= provided by Yonhap News)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] SeAh Steel Holdings announced on the 19th that its subsidiary SeAh Steel International has disposed of 93,000 shares of SP & S (State Pipe & Supply), a U.S.-based steel pipe subsidiary.

The disposal amount is 54.23458 billion won.

"The idea is to collect 93,000 SP & P common shares held by its major subsidiary SeAH Steel International through paid-in capital," the company said. "SP & P will purchase and retire 93,000 shares of SeAH Steel International for $439 per share."

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