31st Jan 2019 07:55
Transaction with Affiliate Company
Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) on January 31, 2019 announced that its Board of Directors has authorized the following related-party transaction with an affiliated company.
Transfer of asset agreement
□ Major transaction terms
Owner of property | Samsung Electronics Co., Ltd. |
Affiliate company | Samsung SDI Co., Ltd. |
Date of transaction | 1Q19 |
Transaction amount | KRW 16.06 billion |
Purpose of transaction | Sell research equipment to increase efficiency |
Terms and conditions | - The amount and date of transaction may change in accordance with the agreement and contract between the two parties. |
Other Information:
Number of Independent Directors present at the BOD meeting: 6 (100%)Attendance of Audit Committee: Y
Related Shares:
Samsung El.gdr