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  • Samsung C&T sells entire Cheil Worldwide stake to Samsung Electronics
    Samsung C&T sells entire Cheil Worldwide stake to Samsung Electronics
    Samsung C&T (028260) announced on Oct. 27 that it will sell its entire 14,539,350 shares of Cheil Worldwide to its affiliate Samsung Electronics at 267.52 billion won (US$234.88 million) in an after-hours block deal.The deal “is to improve balance and to secure funds for improvement,” said the company. (theinvestor@heraldcorp.com)
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Samsung C&T sells entire Cheil Worldwide stake to Samsung Electronics

Oct. 27, 2016 - 09:16 By 황유미
[DISCLOSURE] Samsung C&T (028260) announced on Oct. 27 that it will sell its entire 14,539,350 shares of Cheil Worldwide to its affiliate Samsung Electronics at 267.52 billion won (US$234.88 million) in an after-hours block deal.

The deal “is to improve balance and to secure funds for improvement,” said the company. 

(theinvestor@heraldcorp.com)

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