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Daewoo Shipbuilding & Marine Engineering Co Ltd (042660.KS)

042660.KS on Korea Stock Exchange

44,800.00KRW
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₩44,800.00
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₩56,900.00
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₩38,400.00

Latest Key Developments (Source: Significant Developments)

Daewoo Shipbuilding & Marine Engineering signs 414.40 bln won contract
Wednesday, 1 Mar 2017 09:44pm EST 

Daewoo Shipbuilding & Marine Engineering Co Ltd <042660.KS> :Says it signed 414.40 billion won contract with Marshall Islands ship-owner to provide LNG carrier.  Full Article

GTT gets order from Daewoo Shipbuilding to equip new floating storage and regasification unit
Wednesday, 8 Feb 2017 11:49am EST 

Gaztransport et Technigaz SA : GTT receives an order from Daewoo Shipbuilding & Marine Engineering <042660.KS> to equip a new floating storage and regasification unit . The vessel will be built at DSME's shipyard in Geoje, Korea, on behalf of Maran Gas Maritime, a Greek management company . This 173,400 m3 vessel will be the first FSRU to be added to the Maran Gas Maritime fleet and delivery is scheduled for 2020 Further company coverage: [GTT.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Daewoo Shipbuilding & Marine Engineering to invest 200 mln won to set up new wholly owned subsidiary
Sunday, 25 Dec 2016 09:33pm EST 

Daewoo Shipbuilding & Marine Engineering Co Ltd <042660.KS> : Says it will invest 200 million won to set up a new wholly owned subsidiary, named DSME Information System . Says the new subsidiary will be capitalized at 200 million won and will manage the company's ICT business .Says it will hold 100 percent stake in DSME Information System, after the transaction.  Full Article

Daewoo Shipbuilding & Marine Engineering to sell its entire stake in Dsec for 70 bln won
Sunday, 25 Dec 2016 09:15pm EST 

Daewoo Shipbuilding & Marine Engineering Co Ltd <042660.KS> : Says it will sell 10.0 million shares of Dsec Co.,Ltd, a ship design company, for financial structure improvement . Says transaction amount is 70 billion won .Says it will hold 0 percent stake in Dsec Co.,Ltd, after the transaction.  Full Article

Daewoo Shipbuilding & Marine Engineering to issue 8th convertible bonds worth 1,000 bln won
Sunday, 25 Dec 2016 09:05pm EST 

Daewoo Shipbuilding & Marine Engineering Co Ltd <042660.KS> : Says it will issue 8th unregistered and unsecured private convertible bonds, to raise 1,000 billion won for other funds . Says maturity date is Dec. 29, 2046, coupon rate is 3 percent and yield to maturity is 3 percent for the bonds .Conversion price is 40,350 won per share.  Full Article

Daewoo Shipbuilding & Marine Engineering to raise 1,785.78 bln won via private placement
Monday, 12 Dec 2016 05:21am EST 

Daewoo Shipbuilding & Marine Engineering Co Ltd <042660.KS> : Says it will issue 44.3 million shares to raise 1,785.78 bln won via private placement, at 40,350 won/share .Listing date on Jan. 18, 2017.  Full Article

Daewoo Shipbuilding plans to cut 3,000 jobs this year as part of restructuring plan - Bloomberg
Wednesday, 12 Oct 2016 07:13am EDT 

:Daewoo Shipbuilding & Marine Engineering plans to eliminate 3,000 jobs or 24 percent of workforce this year as part of restructuring plan - Bloomberg.  Full Article

Daewoo Shipbuilding & Marine Engineering announces involvement in lawsuit
Tuesday, 2 Aug 2016 04:17am EDT 

Daewoo Shipbuilding & Marine Engineering Co., Ltd. <042660.KS>: Says National Pension Service has filed a lawsuit against the company, claiming for 48.9 billion won and interest at an annual interest rate of 15 percent .Says the plaintiff also requires the company to pay the lawsuit fee.  Full Article

Daewoo Shipbuilding & Marine Engineering cancels construction contract
Friday, 29 Jul 2016 03:42am EDT 

Daewoo Shipbuilding & Marine Engineering <042660.KS> Co., Ltd.: Says it cancels construction contract signed with Europe-based ship owner .Cancellation amount of 1,583.7 billion won.  Full Article

Daewoo Shipbuilding & Marine Engineering signs contract worth 676.3 bln won
Wednesday, 8 Jun 2016 10:10pm EDT 

Daewoo Shipbuilding & Marine Engineering <042660.KS> Co., Ltd.: Says it signed a contract with Europe-based ship owner, to provide two liquefied natural gas carriers and two ultra long crude carriers .Contract amount of 676.3 billion won.  Full Article

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Daewoo CEO says should step down if shipbuilder is unable to turn profit

SEOUL Daewoo Shipbuilding & Marine Engineering Co Ltd's CEO Jung Sung-leep said he believes he should step down from the top position if the cash-strapped South Korean firm is unable to turn a profit this year.