[Special Stock] Samsung Heavy Industries Rises on Participation in Capital Increase by Major Affiliates Including Samsung Electronics

[Asia Economy Reporter Song Hwajeong] Samsung Heavy Industries is showing strength following news of capital increases participation by major affiliates such as Samsung Electronics, Samsung Life Insurance, and Samsung Electro-Mechanics.

As of 9:15 AM on the 29th, Samsung Heavy Industries was trading at 6,650 KRW, up 270 KRW (4.23%) compared to the previous day.

On the previous day, Samsung Heavy Industries announced that Samsung Electronics, Samsung Life Insurance, and Samsung Electro-Mechanics would participate in the capital increase. Samsung Electronics, which holds 16.0% of Samsung Heavy Industries shares, plans to subscribe to 33.33 million shares (171 billion KRW), Samsung Life Insurance will subscribe to 6.39 million shares (32.8 billion KRW), and Samsung Electro-Mechanics will subscribe to 4.51 million shares (23.2 billion KRW). Additionally, Samsung SDI, Samsung C&T, and Cheil Worldwide will also participate in the capital increase, bringing the total investment amount from these six affiliates to 233.5 billion KRW.

Samsung Heavy Industries set the new share issuance price at 5,130 KRW on the 25th and is aiming to secure 1.2825 trillion KRW through the capital increase. Subscription for existing shareholders will be held from the 28th to 29th, followed by a general public subscription on the 2nd to 3rd of next month.

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