Samsung Heavy Industries (KRX:010140) will build an offshore production facility for an undisclosed North American client, according to a Tuesday filing with the Korean Exchange.
The contract is worth 4.33 trillion won, and the facility is expected to be completed by July 10, 2030.
Shares of Samsung Heavy Industries fell almost 2% in recent trade.
Samsung Electronics' (KRX:005930) market capitalization exceeded 2 quadrillion won on Monday, for the first time ever, Yonhap News said in a same-day report.As of 11:44 am on Monday, company shares were up 9.31% to trade at 346,500 won on Kospi, leading to a market capitalization of 2,025.7 trillion won, the report said.SK Hynix (KRX:000660) had a market capitalization of 1,689.8 trillion won as of the same time, it said.Shares of Samsung Electronics rose nearly 1% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Lingyi iTech Guangdong (SHE:002600) is proceeding with its application to list and offer shares on the Hong Kong Stock Exchange, according to a Shenzhen bourse filing on Tuesday.The Hong Kong bourse held a listing hearing to review the Chinese artificial intelligence hardware manufacturer's listing application.
Orica (ASX:ORI) completed the full acquisition of the Nelson Brothers' explosives joint venture business in the US, according to a Monday statement.The deal expands the firm's manufacturing footprint, downstream distribution capabilities, and access to customers. It also simplifies its business structure in North America.Its shares fell 1% in recent trading on Tuesday.