Sunday, January 15, 2017

Samsung Electronics to shop for $159 million of stocks in Samsung Heavy rights issue



SEOUL Samsung Electronics Co Ltd said on Thursday it will purchase 181 billion won ($158.seventy one million) worth of Samsung Heavy Industries Co Ltd stocks as part of the shipbuilder's 1.14 trillion won ($999.59 million) rights difficulty.
Samsung Electronics said in a submitting it will gather approximately 25.3 million new Samsung Heavy shares, completely subscribing to its entitled portion as an current shareholder through the rights trouble. The charge turned into set at 7,170 won according to share underneath the issuance.the arena's pinnacle telephone maker held a 17.6 percent stake in Samsung Heavy as of Aug. 23.

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