[DISCLOSURE]
Samsung Engineering (028050) announced on Jan. 16 that its 1.62 trillion won (US$ 1.37 billion) contract with Saudi Arabia's Saline Water Conversion Corp. signed in 2012 for the construction of a Yanbu Power & Desalination Plant had been canceled.
This amounts to 19.9 percent of its 2011 sales.
(
theinvestor@heraldcorp.com)