25th Jul 2008 08:50
RNS Number : 8766Z
Samsung Electronics Co. Ld
25 July 2008
July 25, 2008
Addition of an Overseas Subsidiary in Consolidated Financial Statements
Suzhou Samsung Electronics Export Co., LTD. (SSEC-E) will be included in the consolidated financial statements of Samsung Electronics as it meets necessary conditions for consolidation.
The reason for addition of an overseas subsidiary is to reinforce competitiveness of electronics business by establishing an affiliate in Export Processing Zone of China.
This move brings Samsung Electronics' total number of affiliates from 333 to 334.
This information is provided by RNS
The company news service from the London Stock Exchange
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