The Korea Herald

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Namhae Chem acquires MMT worth W18b from NH I&S

By 정민경

Published : Aug. 17, 2016 - 11:31

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[DISCLOSURE] Namhae Chemistry (025860) said on Aug. 17 that it has acquired a money market trust worth 18 billion won (US$16.4 million) from its affiliate NH Investment & Securities (005940) to better manage operations and enhance profitability. 

The firm put 10 billion won in a fixed deposit account and 8 billion won in a money market deposit account. The maturity dates are Nov. 16 and Aug. 23, respectively.