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  "documentTitle": "Samsung C&T Corporation (028260 KS)",
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      "text": "The horizontal spin-off shown on the previous page for SCT is repeated on the same basis for SEC and SDI. SEC and SDI assumed to have meaningful excess cash that can move to their respective InvCos.",
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      "text": "SCT = Samsung C&T, SEC = Samsung Electronics, SDS = Samsung SDS, SDI = Samsung SDI, S-Bio = Samsung Biologics",
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