HD Korea Shipbuilding & Offshore Engineering (HD KSOE) acquired STX Heavy Industries, securing a 35 percent stake in the local ship engine maker for 81.3 billion won ($63.7 million).
Hanwha made a preliminary bid to acquire a controlling share of STX Heavy Industries, a local ship engine maker.
The strong rally came after local media reported that Korea Shipbuilding and Offshore Engineering (KSOE) joined the bid to acquire 47.81 percent of STX Heavy Industries.
Korea JoongAng Daily Sitemap