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Samsung SDS to acquire 25 million CMC Corporation stakes

Samsung SDS will become CMC Corporation’s strategic foreign investor should the private placement of 25 million CMC Corporation ordinary shares be approved by its shareholders at the upcoming annual general shareholder meeting in June.

Samsung SDS combining forces with CMC Corporation

The two parties have reached an agreement which will help Samsung SDS foster its expansion in Vietnam and CMC Corporation achieve its $1-billion takings goal by 2023.

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