26th Jun 2012 07:00
RNS Number : 1344G
Samsung Electronics Co. Ld
26 June 2012
SEC's Stake Acquisition in SEHF Korea
On June 25, 2012, the BOD of Samsung Electronics decided to purchase a 100% stake in its sub-subsidiary
SEHF Korea from its overseas subsidiary SEHF (Samsung Electronics Hainan Fiber Optics).
This acquisition is intended to improve business competitiveness by fostering synergy.
oDetails of the Transaction
- Total number of shares to be acquired: 379,440 shares
- Total value of shares: Approx. KRW 104.99 billion
- Transaction date: September 10, 2012 (planned date)
※ Pursuant to the Fair Trade Act, a company is required to disclose any transaction with its affiliates that
exceeds KRW 5 billion.
This information is provided by RNS
The company news service from the London Stock Exchange
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