DOOSAN HEAVY DECIDED TO SELL 35% OF ITS STAKE IN DOOSAN INFRACORE

Highlights –

• Doosan Heavy decided to sell 35% of its stake in Doosan Infracore.
• Doosan Heavy will sell its stake for $757 million to Hyundai heavy Industries Holdings Co.
• Doosan Heavy disposed of 76 million shares of its construction ...

DOOSAN INFRACORE CO. REPORTS AN INCREASE IN ITS EXCAVATOR SALES IN CHINA

Highlights –

• Doosan Infracore Co. reports an increase in its excavator sales in China.
• In the country itself, the company sold 18,686 excavators in 2020.
• Hyundai Heavy Industries Holdings Co. signed an initial deal to buy out Doosan I...

CASH-STRAPPED DOOSAN SHEDDING STOCKS TO LEVERAGE NEW BUSINESS LINE

• Cash-strapped Doosan Group said Friday that it will repay 3 trillion won (US$2.5 billion) in debt to its main creditors by selling new shares of Doosan Heavy Industries & Construction Co. and other affiliates' assets.
• Doosan Heavy Industries & Construction is all se...

DOOSAN HEAVY REPORTS NET LOSS, STRUGGLING TO SELL ASSETS

Highlights –

• Doosan Heavy company's net loss came $299 million due to one-off costs.

• Setbacks in business due to a shift in energy policy.

• Doosan Heavy put about 400 employees underpaid suspension.

Heavy machi...