이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Samsung SDS turns down minority shareholders’ request to boost stock price
- Collected
- 2016.06.21
- Distributed
- 2016.06.22
- Source
- Go Direct
Last week, a group of minority shareholders in opposition to Samsung SDS’s plan to spin off its logistics unit visited the company’s headquarters and asked for the company to come up with measures to support falling stock prices. They demanded Samsung SDS buy back its own shares or compensate through special dividends. The company, however, responded on Tuesday in a regulatory filing that it cannot meet shareholders’ request citing “procedural problems and questions of effectiveness” at a time when it is considering spinning off its logistics unit.
Samsung SDS said it was advised by outside experts to hold onto its cash reserves for merger and acquisition action that can boost long-term strength of the company.
Issuing new treasury shares without consideration will only increase number of outstanding shares and won’t be of any help to stock value, it said.
But it pledged to up dividends and other shareholders’ benefit actions in the future.
Once it spins off its logistics business, Samsung SDS will establish new management skilled in the area to pursue new business and expansion through M&A and asset acquisitions, it said. It will then concentrate reinforcing IT as its core business.
By Lee Seung-hoon
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