Daewon Decides to Invest 14.3 Billion KRW in Singapore Subsidiary
[Asia Economy Reporter Minwoo Lee] Daewon announced on the 24th that it has decided to participate in a paid-in capital increase of its subsidiary Daewon Cantavil Pte.Ltd in Singapore, amounting to 14.3 billion KRW. The company explained, "The subsidiary participated in this paid-in capital increase to secure investment funds for a housing development project consisting of a total of 799 units, including apartments and villas, located in Dong Nai Province near Ho Chi Minh City, Vietnam."
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