SEOUL (Reuters) – Samsung Electronics has truly decided to terminate 3.05 trillion gained ($ 2.11 billion) properly price of its very personal shares that it had truly gotten previously, the enterprise acknowledged in a regulative declaring.
Samsung moreover acknowledged in a unique governing declaring it will actually receive 2.7 trillion gained properly price of its very personal typical shares, and 304 billion gained properly price of assorted different shares, in between Feb 19 and May 16 this 12 months to raise investor price and revenue its employees members.
The enterprise acknowledged in November in 2014 it meant to redeem shares price 10 trillion gained a 1 12 months period after its share price underperformed rivals corresponding to SK Hynix, noting the very first time the know-how titan had truly decided to redeem shares provided that 2017.
(Reporting by Joyce Lee; Editing by Ed Davies)
