SEOUL (Reuters) – Samsung Electronics has actually made a decision to terminate 3.05 trillion won ($ 2.11 billion) well worth of its very own shares that it had actually gotten formerly, the business stated in a regulative declaring.
Samsung additionally stated in a different governing declaring it would certainly obtain 2.7 trillion won well worth of its very own usual shares, and 304 billion won well worth of various other shares, in between Feb 19 and May 16 this year to elevate investor worth and profit its staff members.
The business stated in November in 2014 it intended to redeem shares worth 10 trillion gained a 1 year duration after its share cost underperformed competitors such as SK Hynix, noting the very first time the technology titan had actually made a decision to redeem shares given that 2017.
(Reporting by Joyce Lee; Editing by Ed Davies)
