Samsung Heavy: New Share Issuance Worth $1.31 Bln

South Korea's Samsung Heavy Industries Co Ltd said on Tuesday the expected value of its planned new share issuance has been cut to 1.41 trillion won ($1.31 billion) from a previously-announced 1.56 trillion won.

 

The shipbuilder said in a regulatory filing that the value of the issuance had been changed with newly issued shares to be assigned at 5,870 won per share, instead of the originally planned 6,510 won per share.

 

Samsung Heavy shares have fallen about 35 percent since the plan to issue new shares were announced in early December.


($1 = 1,073.8500 won) (Reporting by Joyce Lee Editing by Stephen Coates)