  We present an analysis of the high-resolution Chandra observation of the
multiple system, HD 155555 (an RS CVn type binary system, HD 155555 AB, and its
spatially resolved low-mass companion HD 155555 C). This is an intriguing
system which shows properties of both an active pre-main sequence star and a
synchronised (main sequence) binary. We obtain the emission measure
distribution, temperature structures, plasma densities, and abundances of this
system and compare them with the coronal properties of other young/active
stars. HD 155555 AB and HD 155555 C produce copious X-ray emission with log Lx
of 30.54 and 29.30, respectively, in the 0.3-6.0 keV energy band. The light
curves of individual stars show variability on timescales of few minutes to
hours. We analyse the dispersed spectra and reconstruct the emission measure
distribution using spectral line analysis. The resulting elemental abundances
exhibit inverse first ionisation potential effect in both cases. An analysis of
He-like triplets yields a range of coronal electron densities ~10^10-10^13
cm-3. Since HD 155555 AB is classified both as an RS CVn and a PMS star, we
compare our results with those of other slightly older active main-sequence
stars and T Tauri stars, which indicates that the coronal properties of HD
155555 AB closely resemble that of an older RS CVn binary rather than a younger
PMS star. Our results also suggests that the properties of HD 155555 C is very
similar to those of other active M dwarfs.
