25th Apr 2008 08:01
Samsung Electronics Co. Ld25 April 2008 Real Estate Lease to S-LCD On April 25, 2008, the BOD of Samsung Electronics authorized the Company's RealEstate Lease to S-LCD (an affiliate, a joint venture between Samsung and SonyCorp.). • Details - Annual Rent: KRW 120.6 billion - Contract date: April 25, 2008 - Leasing period: From the contract date to the end of the joint venture(between Samsung Electronics and Sony Corp.) - Transaction property: Land, building, Clean Room, etc. (Tangjeong-myun, Asan-si, Chungcheongnam-do, Korea) The annual rent is subject to change as it is an average of projecteddepreciation & amortization, interest rate and labor cost for 6 years. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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