Six Samsung Affiliates Including Samsung Electronics, Life Insurance, and Electric Participate in Samsung Heavy Industries' Capital Increase

[Asia Economy Reporter Ryu Tae-min] Samsung Heavy Industries announced on the 28th that six major Samsung affiliates, including Samsung Electronics, Samsung Life Insurance, and Samsung Electro-Mechanics, will participate in a paid-in capital increase.

As of the new stock allocation record date, Samsung Electronics, which holds 16.0%, is the largest shareholder of Samsung Heavy Industries, while Samsung Life Insurance holds 3.1% and Samsung Electro-Mechanics holds 2.2%. They will each invest 171 billion KRW, 32.8 billion KRW, and 23.2 billion KRW, respectively.

Samsung SDI, Samsung C&T, and Cheil Worldwide also decided to participate in the paid-in capital increase, bringing the total investment amount from these six affiliates to 233.5 billion KRW. Additionally, the employee stock ownership association, which recorded a subscription rate of 117% in the pre-subscription, will participate with a subscription amount of 256.5 billion KRW, so other shareholders are expected to actively subscribe as well.

Samsung Heavy Industries set the new stock issuance price at 5,130 KRW on the 25th and is raising 1.2825 trillion KRW through the paid-in capital increase. Subscription for existing shareholders will be held from the 28th to the 29th, and general public subscription will take place on the 2nd and 3rd of next month.

This content was produced with the assistance of AI translation services.