Thursday, July 14, 2011

Samsung buys stake in equipment maker




Samsung Heavy Industries Co., an Korean shipbuilder, said Wednesday that it has signed a deal to buy a stake in a local power plant equipment maker for 41.5 billion won (US$39 million).

In a regulatory filing, Samsung Heavy said it now holds a 27 percent stake in SeenTec Co., becoming the largest shareholder in the power equipment maker.







Published : July 13, 2011


Source: Asiasis


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