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SEC's Stake Acquisition in SEHF Korea

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
 
END
 
 
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