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And gamers hoping to play smartphone games featuring popular Nintendo characters face a longer wait after the firm pushed the release date of “Mario Kart Tour” to the summer from earlier in the year. That delay means Nintendo will miss its target of releasing two to three mobile titles each financial year, though CEO Furukawa said there was no change to that goal. Nintendo also cut its sales forecast for its 3DS device to 2.6 million units from 4 million previously 10k gold cufflinks. The need to offset the fall-off in 3DS sales has led to speculation Nintendo will release another device such as a cut-price Switch..
SEOUL (Reuters) – Hyundai Heavy Industries, the world’s biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take over second-ranked Daewoo and create a global heavyweight controlling over 20 percent of the market. The move comes as the worldwide shipbuilding sector recovers from a global economic downturn that led to massive losses, widespread job cuts and, in 2017, the $2.6 billion bailout of South Korea’s Daewoo Shipbuilding & Marine Engineering Co Ltd 10k gold cufflinks.
State-funded Korea Development Bank (KDB) owns 55.7 percent of Daewoo, and has said it intends to sell the stake and consolidate the country’s three biggest shipbuilders – which includes Samsung Heavy Industries Co Ltd – into two 10k gold cufflinks. The combination of two of the giant shipbuilders would ease competition and excess capacity, which have depressed ship prices, KDB Chairman Lee Dong-gull said at a news conference. The deal will “raise the fundamental competitiveness of Daewoo, at a time when the threat from latecomers in China and Singapore is growing,” Lee said on Thursday..
Hyundai and Daewoo hold a combined market share of 21.2 percent, followed by Japan’s Imabari Shipbuilding with a 6.6 percent, showed data from Clarksons Research. Lee said it will take several months to gain approval from antitrust regulators from related countries. He said the size of the resulting entity’s market share would not be detrimental to the interests of customers 10k gold cufflinks. Daewoo will also receive liquidity support of 2.5 trillion won ($2.25 billion) from KDB and Hyundai, Hyundai said in a stock exchange filing..
KDB also said it would approach Samsung Heavy to gauge any interest in taking over Daewoo 10k gold cufflinks. A Samsung Heavy spokesman said it has received a proposal from KDB and that it needs to review the matter. Daewoo shares rose as much as 22 percent on Thursday, before ending up 2.5 percent. Those of Hyundai Heavy Industries Holdings Co Ltd and unit Hyundai Heavy Industries Co Ltd fell about 4 percent on concern about a high purchase price, analysts said. Meanwhile, Samsung Heavy shares ended up 2.5 percent, as investor concerns of it bidding for Daewoo eased..