Daewoo Shipuilding to proceed stock trading

(MENAFN) According to industrial sources, after a 16-month suspension, Daewoo Shipbuilding & Marine Engineering Co. will be resuming its stock trading on the national stock market the current week.

The company's shares were suspended because of its damaged capital base, and because the shipyard had to recover its financial status within a year, in order for it to continue its stock trading.

The operator of the national stock market, Korea Exchange, allowed the shipyard's stocks to be bought and sold starting Monday, noting its reformed financial status and appropriate results of the accounting reviews.

Due to decreasing costs and increased delivery of offshore facilities, Daewoo Shipbuilding recorded revenue for the second quarter straight in Q2.



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