이 누리집은 대한민국 공식 전자정부 누리집입니다.

한상넷

비즈니스 정보

Biz News Korea(Eng)

Samsung Card announces buyback tantamount to 5% of total shares

Collected: 2016.09.02

Distributed: 2016.09.05

Source: Go Direct

South Korea’s Samsung Card Co. announced that it would buy back 5.79 million treasury shares, equivalent to 5 percent of its available shares, until the end of November.

The buyback program worth 253.6 billion won ($227 million) came amid expectations that Samsung Group was preparing place financial units under Samsung Life Insurance to make the insurer a financial holding group.

The treasury stockholding would increase to 5.4 percent from 0.4 percent.

Samsung Life Insurance became the largest shareholder of Samsung Card with a 71.86 percent stake after it bought 43.39 million shares, or 37.45 percent stake from Samsung Electronics in January.

Samsung Card shares on Thursday ended at 50,900 won, up 6,650 won, or 15.03 percent, from the previous session.

By Chung Ji-sung

Read in Korean

List

Previous: NPS shift to index funds blamed for poor Kosdaq performance

Next: Korean Air Lines shares rally after it is relieved of Hanjin Shipping