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January 4, 2008 |
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CHOROKBAEM MEDIA: To Dispose 6 Million Shares of Common Stock Chorokbaem Media Co.Ltd. has decided to dispose 6 million shares of its common stock for KRW6,120 million, Reuters Key Developments reports. This company move, the report relates, is aimed to improve its financial structure. The shares will be disposed during the period of December 14, 2007, to March 13, 2008, the report adds. Seoul, Korea-based Chorokbaem Media Co., Ltd. is a manufacturer engaged in the provision of non-woven fabrics. The company provides non-woven fabrics used in normal and special filters, artificial and synthetic leathers and other related usages. In addition, the company operates family restaurants. Korea Investors Service gave the company's unregistered US$8 million convertible bonds a 'B' rating on Feb. 16, 2007. |
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