koreaherald.com

Samsung Chief Lee to Buy W1.94tn Stake From His Mother

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Samsung Electronics Chairman Lee Jae-yong plans an off-market purchase of 7.19 million shares from his mother, Hong Ra-hee, for about 1.94 trillion won. Priced at 269,500 won per share and scheduled for Oct. 12, the deal would raise his direct holdings from 1.47% to 1.58% if completed, with terms subject to applicable regulations and no specific reason disclosed.

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