Korea Shipbuilding & Offshore Engineering Co Ltd (009540.KS)
19 Jul 2019
Hyundai’s construction equipment division should face hefty civil fines for “stockpiling” engines before a change in emission standards took effect in 2012 and using them in machines it sold later, the U.S. Justice Department said in a civil lawsuit filed Friday in federal court in Washington, D.C.
SEOUL Hyundai Heavy Industries, the world's biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take over second-ranked Daewoo and create a global heavyweight controlling over 20 percent of the market.
SEOUL Korea Development Bank, the biggest shareholder of Daewoo Shipbuilding and Marine Engineering Co Ltd, on Thursday said it has signed a conditional deal with Hyundai Heavy Industries Group to sell Daewoo shares.
* Resulting entity would control about 20 pct of global market
SEOUL, Jan 31 Korea Development Bank, the biggest shareholder of Daewoo Shipbuilding and Marine Engineering Co Ltd, on Thursday said it has signed a conditional deal with Hyundai Heavy Industries Group to sell Daewoo shares.
SEOUL, Jan 30 South Korean shipbuilding giant, Hyundai Heavy Industries Group, is interested in buying a stake in cross-town rival Daewoo Shipbuilding & Marine Engineering , a Hyundai official told Reuters on Wednesday.