Samsung Heavy considers stock sale, sister firms' participation in focus
Jun 3, 2016
Samsung Heavy Industries Co., a shipbuilding unit of the country's top conglomerate Samsung, has included a stock sale in its latest self-restructuring program, spawning speculation that its affiliates, including Samsung Electronics Co., may join forces to salvage the embattled shipyard, industry sources said Friday.According to the sources, Samsung Heavy's self-rescue plan to raise 1.5 trillion won ($1.26 billion), provisionally approved by its creditors, includes asset sales and a cut in the w