[Asia Economy Reporter Choi Dae-yeol] Pyeonghwa Oil Seal Industry announced on the 14th through its parent company Pyeonghwa Holdings that it will establish a new company by splitting its fuel cell gasket division and press division. The company stated that the newly established company PFS (tentative name) will not affect the major shareholder's equity ratio or the consolidated financial statements, as it is a simple and personnel split.



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