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Samsung Heavy Industries Shares Take Record Dive on Share Sale, Loss Forecast

By Kyunghee Park (Bloomberg) — Samsung Heavy Industries Co. plunged the most on record in Seoul trading after forecasting surprise losses and announcing a share sale plan, underscoring the bleak outlook for the global shipbuilding industry. The world’s third-largest shipbuilder said Wednesday it plans to raise 1.5 trillion won ($1.4 billion) by selling new shares […] The post Samsung Heavy Industries Shares Take Record Dive on Share Sale, Loss Forecast appeared first on gCaptain.
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