ID :
28877
Fri, 11/07/2008 - 13:47
Auther :
Shortlink :
https://www.oananews.org//node/28877
The shortlink copeid
Samsung Techwin to spin off camera business
SEOUL, Nov. 6 (Yonhap) -- The board of Samsung Techwin Co., a South Korean maker of digital cameras and precision electronics parts, decided Thursday to spin off its camera division to enhance the competitiveness of each business.
Shareholders will hold a meeting on Dec. 19 to deliberate the proposed spinoff,
said the country's largest digital camera maker in a statement. The envisioned
company is tentatively named Samsung Digital Imaging.
"The measure is aimed at boosting the competitive edge of both businesses and
maximizing shareholder value," said the company, an affiliate of South Korea's
top conglomerate Samsung Group.
Samsung Techwin expects the new company to post sales of 5 trillion won (US$3.78
billion) and become the world's largest digital camera maker in 2012.
The company is shooting for sales of 2.2 trillion won this year.
Shareholders will hold a meeting on Dec. 19 to deliberate the proposed spinoff,
said the country's largest digital camera maker in a statement. The envisioned
company is tentatively named Samsung Digital Imaging.
"The measure is aimed at boosting the competitive edge of both businesses and
maximizing shareholder value," said the company, an affiliate of South Korea's
top conglomerate Samsung Group.
Samsung Techwin expects the new company to post sales of 5 trillion won (US$3.78
billion) and become the world's largest digital camera maker in 2012.
The company is shooting for sales of 2.2 trillion won this year.
