30th Apr 2019 07:00
Purchase of Business
Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD; "SEC") on April 30, 2019 announced that its Board of Directors has approved the purchase of a certain business from Samsung Electro-Mechanics Co., Ltd., a subsidiary of SEC.
▫ Details
1. Scheduled purchase date: June 1, 2019
2. Purchased assets: PLP business of Samsung Electro-Mechanics Co., Ltd., (all assets, liabilities, and rights)
3. Expected purchase price: KRW 785,000 million
4. Expected effects of purchase:
- Boost competitiveness in semiconductor packaging
- Enhance operational efficiency and productivity through comprehensive management of
semiconductor assembly and testing
5. Number of Independent Directors present at Board meeting: 6
6. Attendance of Audit Committee: Y
7. Other:
- The scheduled purchase date may change in accordance with relevant regulations (authorization,
permission, approval, consultation with relevant organizations, etc.).
- The expected purchase price may change in accordance with the contract and agreement between
the transaction parties.
※ This disclosure is in accordance with the Korean Fair Trade Act, which mandates that a company must disclose financial and real
estate transactions in the event the value of such a transaction is greater or equal to KRW 5 billion and the counterparty is an
affiliate of the party required to make the disclosure.
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