# SeAH Steel to spin off steel plate business into Seah Coated Metal Corp.

SeAH Steel Corp. decided to split off its steel plate business into a new entity named Seah Coated Metal (CM) Corp., subject to shareholder approval on May 26. The new company will start operations on July 1, 2017.

- Type: Investment
- Announced: 2017-04-11
- Where: South Korea
- Starts operating: 1 Jul 2017
- Status: announced
- Products: steel plate, coated metal
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [SeAH Steel Corp.](https://endata.com/companies/23511.md)
- [Seah Coated Metal Corp.](https://endata.com/companies/23512.md) (target)

## Sources

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/all/7781964), 2017-04-11: "The demerger will contribute to expanding business expertise in each area, deepening the core competency and improving profitability of the separated entity."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.