Ssangyong Cement sells headquarters
South Korean cement maker Ssangyong Cement Industrial Co. said Friday it sold its headquarter building in Seoul to Golden Bridge Asset Management Co. for 100 billion won (US$109m) in a bid to repay its debts.
Ssangyong expected proceeds from the sale to lower the ratio of its debt to capital to 120 per cent from 134 percent, the company said. Published under Cement News
