Seoul: The board of directors of Korea's STX Offshore & Shipbuilding decided to buy the entire shares (321,360) in Hyukshin Machinery, a compatriot ship-block manufacturer, for KRW 39.2bn (about $34m), STX announced in a stock exchange filing recently. ??This is for STX to increase its productivity through securing a production facility specializing in ship-blocks for newbuildings. ??STX's investment in the acquisition equates to 3.6% of its capital, and the stock acquisition is expected to happen on January 15th, 2011. [01/12/10]
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Add Seatrade Maritime News to your Google News feed.
![Fr Alex with seafarers visiting Odesa Ukraine[51].jpg](https://www.seatrade-maritime.com/sites/seatrade-maritime.com/files/styles/article_related_thumb_standard/public/Fr%20Alex%20with%20seafarers%20visiting%20Odesa%20Ukraine51.jpg?itok=Dm3oJXQ2){kind=small}
