Samsung Heavy Industries Bags KRW1.408 Trillion Contract for Four LNG Carriers; Shares Jump 4%

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Samsung Heavy Industries (KRX:010140) secured a 1.408 trillion won contract to build four LNG carriers for an undisclosed Oceania-based client, according to a Monday filing with the Korean Exchange.

The contract is expected to be fulfilled by Sept. 28, 2029.

Shares of Samsung Heavy Industries added over 4% in recent trade.

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