Samsung Engineering falls after legal dispute over cancellation of Saudi's Yanbu project

Samsung E&A Co

03/06/2019 01:55

** Shares of Samsung Engineering  028050.KS  fall as much as
9.3%, after Saudi Al Toukhi and VISION asked a court to
arbitrate in a dispute over the cancellation of Saudi's Yanbu
project 
    ** Al Toukhi, Vision International Investment Company ask
DIFC-LCIA Arbitration Centre to order Samsung Engineering to pay
$608 million in damages for the cancelled project - Samsung
 urn:newsml:reuters.com:*:nS6N22Q007
    ** Stock is set to mark biggest daily pct fall since Feb 7,
2018
    ** The broader KOSPI market  .KS11  was trading up 0.3% as
of 0038 GMT

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