Hyundai plans to take 56% stake in Daewoo Shipbuilding

摘要

South Korea's Hyundai Heavy Industries Holdings plans to set up an intermediate holding company thatwill take control of a 56% stake in Daewoo Shipbuilding & Marine Engineering, the parent company saidThursday.This could see its shipbuilding arm, Hyundai Heavy Industries, spun off into "an intermediate holding company (named continuous HHI) and an operating company (newly established HHI)," it said.