The Korean government has been ordered to pay $32.03 million to the New York-based hedge fund Mason Capital Management as an international tribunal partially upheld the hedge fund’s $175 million damage suit.
The second daughter of Samsung founder Lee Kun-hee is returning to the construction and fashion affiliate.
Samsung C&T won an overwhelming majority of votes against activist funds over the latter’s demand for higher shareholder returns, driving its share price plunge in the market on Friday.
Five activist funds demanded Samsung C&T raise cash dividends and cancel treasury stocks. The company plans to put the requests up for a vote at an annual shareholders meeting on March 15, the company said in a regulatory filing.
The Seoul Central District Court on Monday acquitted Lee Jae-yong, chairman of Samsung Electronics Co., on charges of breach of trust and accounting fraud to push the merger of two Samsung affiliates.
Activist investors once again called upon Samsung C&T to bump up dividend payouts and buy back its stocks to address the construction and fashion company's “inadequate capital allocation approach and steep discount to its net asset value.”
Daewoo Engineering & Construction (E&C) has completed the $879 million Mumbai Trans Harbour Sea Link construction project, now recognized as the longest sea bridge in India.
The departure date for Fu Bao, Korea’s first giant panda, will likely be decided later this month. The 3-year-old female cub is expected to bid farewell to Koreans and return to China before she turns four in July.
Samsung C&T completed the construction of the world's second-tallest building, Merdeka 118, in Kuala Lumpur, Malaysia.
Shares of Samsung C&T have gained momentum, propelled by activist funds urging Korea's construction and fashion company to rectify a discount in its share price.
Korea JoongAng Daily Sitemap