The Korea Herald

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DSME denies reports: no plan to sell business to Samsung Heavy

By 황유미

Published : June 30, 2016 - 15:27

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[DISCLOSURE] Daewoo Shipbuilding & Marine Engineering (042660) denied media reports saying it is seeking to sell its well-performing business to Samsung Heavy Industries (010140), in a statement on June 30, in response to Korea Exchange’s inquiry. It is seeking to establish additional plans to turn itself around despite the worsening conditions, it added.