Samsung Engineering $1 billion rights issue

17/2/2016

Rights issue

Value:

$ 1 billion

Status:

Completed

Date:

17/2/2016

Overview:

Samsung Engineering has undertaken a $1 billion rights issue.
A total of 156 million new shares in Samsung Engineering were offered and sold via the rights offering.
Samsung Engineering aims to use the proceeds of the rights issue to bolster financial stability alongside the sale of its headquarters.

Katrin Kostadinova - Data analyst

Jurisdiction:

South Korea

Deal type:

Rights issue

Practice area:

Capital markets : Equity

Governing law:

South Korea

Industry sector:

Construction and materials

Firm:

Bae Kim & Lee

Party: NH Investments & Securities (Underwriter)

Party: Korea Investment & Securities (Underwriter)

Lawyers: Eui Jong Chung, Hee-Gang Shin

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