Hyundai Samho Attracts USD 356 Mn of Investment

Image Courtesy: HHI

South Korean shipbuilder Hyundai Samho Heavy Industries (HSHI) has collected KRW 400 billion (USD 356 million) of investment through its pre-initial public offering.

Coming from the local private equity company IMM Private Equity (IMM PE), the investment is more than the initially planned KRW 300 billion.

Hyundai Samho said that the rise in the amount signals investors’ interest in the company’s premarket debut process, according to Yonhap News Agency.

The pre-IPO agreement is scheduled to be completed by the end of June 2017.

The shipbuilder delivered an operating income of KRW 43 billion in the first quarter of 2017, while its sales reached KRW 734 billion for the period.

Hyundai Samho strengthened its orderbook with 15 new vessels, valued at USD 1 billion, by the end of May.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

Maritime Reconnaissance and Surveillance Technology

Over the past few years, maritime intelligence gathering and ISR capabilities have returned to the forefront of the defence industry…

read more >

BWMTech

Clarify regulations. Plan BWMS integration. Prevent operational failure…

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >