SEOUL, Sep. 2 (Korea Bizwire) – Two Samsung Group companies Samsung Heavy Industries and Samsung Engineering have decided to merge with each other in a board of directors meeting on September 1. The two companies will exchange shares at the ratio of 1 to 2.36. Samsung Heavy Industries will grant 2.36 shares to Samsung Engineering shareholders for every share [...]
SEOUL, Korea, Mar 7 (Korea Bizwire) – Samsung Heavy Industries won on February 14 a deal to build a floating liquid natural gas (FLNG) ship for Malaysia’s state-run oil company Petronas at the cost of US$1.47 billion. Given most container ships cost about $200 million apiece, this is more than seven times more expensive. Including [...]
SEOUL, South Korea, Oct 09 (Korea Bizwire) – Korea’s non-profit organization WorldShare has joined hands with Samsung Heavy Industries to build a library and a community well in the suburban town of Matola, near the Mozambican capital Maputo. According to the charity on October 8, it signed an agreement with the city officials and [...]