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Daewoo Shipbuilding & Marine Engineering Co Ltd to Merge with Subsidiary

Thursday, 25 Oct 2012 06:16pm EDT 

Daewoo Shipbuilding & Marine Engineering Co Ltd announced that it will merge with its wholly owned subsidiary, DSME E&R Ltd., which is mainly engaged in the resource development, investments and technical services, to improve shareholders' value through maximizing synergy. The expected merger effective date is December 27, 2012.