South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) is expected to be renamed Hanwha Ocean after being acquired by Hanwha Corporation.
DSME’s directors announced that a vote on amendments to the articles of incorporation, such as changing the company name to Hanwha Ocean, will be held during an extraordinary general meeting of shareholders on 23 May.
On 26 September 2022, Hanwha, one of South Korea’s chaebols, was chosen as the preferred bidder to acquire 49.3% of DSME’s...