POPA Recon[Korea Economy] Samsung Electronics demands share buyback from minority shareholders
[Korea Economy] Samsung Electronics demands share buyback from minority shareholders • Minority shareholders of Samsung Electronics demand a buyback of shares equivalent to 2.5% of market capitalization. • The requested share repurchase amount is approximately 37 trillion won, and the plan is to place it in trust and then issue ADRs in the US market. • Minority shareholder platform Act sent a shareholder letter to the Samsung Electronics board of directors, and 94.1% agreed to the request to review ADR listing. • Participating shareholders hold a total of 311,897 shares. ❓Market capitalizati…
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