DSME Stock Up on Sale Talk

Monday, March 24, 2008

Reuters is reporting that shares in Daewoo Shipbuilding and Marine Engineering Co rose more than 3.5 percent after a local newspaper reported the shipbuilder could be sold this year.  According to Reuters, Maeil Business Newspaper reported that Korea Development Bank (KDB) is likely to speed up the sale of Hyundai Engineering & Construction Co. and Daewoo Shipbuilding ahead of the KDB's transformation into a holding company.

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