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, Aug. 27 (Korea Bizwire) – Samsung SDS, the IT services affiliate of the leading conglomerate Samsung Group, reportedly applied for preliminary listing approval on the South Korean stock exchange. The company is now considered as a big shot in the initial public offering market this year. The IT company is planned to obtain fast-track [...]
SEOUL, May 9 (Korea Bizwire) – As Samsung SDS decides to take the company public within the year’s end, it is likely the pace of Samsung Group’s restructuring and top management succession will accelerate. Especially given the three children of the current chairman Lee Kun-hee, including Samsung Electronics vice chairman Lee Jae-yong, Hotel Shilla president Lee [...]