Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Samsung Heavy unveils share buyback scheme

Samsung Heavy unveils share buyback scheme

Seoul: Samsung Heavy Industries Co,  the world's second-largest shipbuilder, said Thursday it will spend 83.8 billion won (US$81.3 million) to buy back its shares.
The 2-million-share buyback is aimed at boosting shareholder value and stabilizing its share price, the shipbuilder said in a regulatory filing.
The stock buyback will start on June 2 and continue through September 1, the company said. [30/5/08]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.