Asia

Samsung Electro-Mechanic set to raise up to $1.1B from affiliate SDS sale

(Reuters) – Samsung Electro-Mechanics Co Ltd (009150.KS) is set to raise up to 1.16 trillion won ($1.1 billion) by selling via the stock exchange in November its entire stake in affiliate Samsung SDS, the IT services unit of Samsung Group. … Read more

: Finance |

SEMCO to Present Technology Solutions at World Retail Congress

PARIS, Sept. 29, 2014 /PRNewswire/ — Chi-Joon Choi, President and CEO of Samsung Electro-Mechanics Co., Ltd. (SEM), will deliver a presentation entitled “New Opportunity in the Age of the Internet of Things” as one of the speakers at World Retail … Read more

: Manufacturers |

Samsung Electro-Mechanics to sell stake in affiliate SDS listing

Reuters – Samsung Electro-Mechanics Co Ltd will sell its entire 7.9 percent stake in affiliate Samsung SDS Co Ltd when the latter lists later this year, Samsung Electro-Mechanics said on Friday. Samsung Electro-Mechanics said in a regulatory filing it will … Read more

: Manufacturers |

Samsung’s IT affiliates lose nearly 20 trillion won in market cap

SEOUL, Sept. 4 (Yonhap) — South Korea’s largest conglomerate Samsung Group’s IT affiliates lost nearly 20 trillion won (US$19.6 billion) from falls in their share prices since July, data showed Thursday, amid worries that the lagging performance of the group’s … Read more

: Finance |

Nesscap Reports Q2 Results for Ultracapacitor Products

SEOUL, SOUTH KOREA–(Marketwired – Aug. 26, 2014) – Nesscap Energy Inc. (“Nesscap”) (TSX VENTURE:NCE), a global leader in research, development and manufacturing of ultracapacitor products, reported its financial results for the second quarter ended June 30, 2014. Revenue for the … Read more

: Finance |

Protest at Samsung headquarters

Victims’ rights groups have formed a picket line at Samsung Electronics’ headquarters, claiming 98 employees of Samsung Group affiliated companies died of leukaemia and other diseases after working at the tech giant’s factories. Back in May, Samsung Electronics vice chairman … Read more

: Manufacturers |

Subsidiaries of Samsung Group in Calm Before the Storm

THe Samsung Group’s move aimed at spurring management innovation to overcome limits to growth has put Samsung subsidiaries on edge. As business restructuring and reorganization is scheduled in August, subsidiaries are keeping their eyes and ears alert for possible targets … Read more

: Finance, Manufacturers |

SEMCO Takes Direct Hit from Earnings Shock of Samsung Electronics

Samsung Electro-Mechanics announced on July 29 that it reported an operating profit of 8.5 trillion won (US$8.3 billion) in the second quarter of this year, a year-year decrease of 90.5 percent. The company turned over 1.8607 trillion won (US$1.8125 billion) … Read more

: Finance, Manufacturers |

Buyer Claims Circuit Board Parts Were Artificially Priced

Law360, New York (July 21, 2014, 2:52 PM ET) — Panasonic Corp. along with units of Hitachi Ltd. and Samsung Electronics Co. Ltd. were slapped with an antitrust class action in California federal court Friday alleging they participated in a … Read more

: Manufacturers | , ,