improve the management efficiency and manufacturing competitiveness in
the ballast-water control system.
The merger is expected to be signed on 22 November and go into effect
from 28 December, subject to approval by Samsung Heavy Industries
shareholders.
Techwineco will be absorbed into Samsung Heavy Industries, as a part of
business unit responsible for developing ballast-water control system.
The merger is intended to enhance shareholder value by maximising the
management efficiency and manufacturing competitiveness of the
ballast-water control system.
LON:50DN
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