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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]


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