Samsung Electronics vice president bought Samsung C&T Shares - BusinessKorea

Samsung Electronics vice president Lee Jae-yong bought Samsung C&T shares price about 200 billion won from Samsung SDI as a way to dispose of the Samsung community's cross-shareholding constitution. The Samsung foundation is planning to undertake a 300 billion-won element of the ultimate shares that Samsung SDI is obligated to dispose of and the leisure, worth about 250 billion received, is to be put on sale in a block deal. The vice president bought three million shares of Samsung Engineering, which had been placed on the market for liquidity enhancement, as smartly in the interest of liable management.

The Samsung community introduced on February 25 that the vice chairman took 1.305 million shares of Samsung C&T among the many five million shares Samsung SDI is promoting. based on this transaction, his shareholding ratio in Samsung C&T went up from sixteen.5% to 17.2%.

Late ultimate year, the fair change fee advised Samsung SDI to eliminate the 5 million shares, such as 2.6% of the overall Samsung C&T shares and 750 billion received or so in quantity, bringing up that the group's pass-shareholding structure became shored up after the predecessor of Samsung C&T and former Cheil Industries merged with each other for the establishment of new Samsung C&T. The time limit for the disposal is early next month.

prior, the vice chairman procured 300 billion won or so through selling his 2.05% shares in Samsung SDS. It is declared that he's going to spend that 70 billion gained left after the purchase of the Samsung C&T and Samsung Engineering shares on the buy of extra Samsung Engineering shares. 

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