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Samsung Electronics office in southerly Seoul (Newsis) |
Samsung Electronics’ depositary invoices detailed in Luxembourg Stock Exchange are to maneuver to the London Stock Exchange, in keeping with the enterprise’s declaring on Friday.
A depositary bill is a financial safety that permits capitalists to own shares in a global enterprise with out buying and selling on a global market.
The alternative encountered the know-how titan’s board of supervisors’ option to delist the DRs from Luxembourg, the declaring revealed.
Based on Samsung Electronics’ beneficial shares, the shares to be delisted complete as much as some 38.6 million DRs. The enterprise prepares to make an utility for delisting onNov 6.
The DRs presently detailed in Luxembourg will definitely be moved to the London Stock Exchange on March 31 following yr.
“We initially listed DRs on the Luxembourg Stock Exchange in 1991 to facilitate trading for overseas investors, but due to low trading volume, we have decided to proceed with delisting,” a Samsung Electronics authorities acknowledged.
By Jie Ye- eun (yeeun@heraldcorp.com)
