Monday, August 5th, 2013
A stock analyst commented, "It seems the rise of Samsung Engineering shares has little to do with its fundamentals. It was buoyed largely by rumors that Samsung C&T is acquiring Samsung Engineering shares, which also depresses Samsung C&T price."
Currently 19.3 percent of Samsung Engineering shares is owned by Samsung Group companies including Cheil Industries (13.1%), Samsung SDI (5.1%), and Samsung Fire & Marine Insurance (1.1%). The Korea Exchange demanded on the 2nd Samsung C&T to disclose the circumstances about the rumor by noon on the 5th.