Samsung Electronics to Buy More Shares After Exceeding Buyback Target
Samsung Electronics has completed its planned share buyback volume. While the company has already exceeded its target in terms of shares, it plans to continue purchasing additional shares until it reaches the originally set spending limit of 15 trillion won, or approximately $11.04 billion.According
Samsung Electronics has announced its intention to continue purchasing additional shares beyond its initial buyback target, exceeding 53.8 million shares and spending 14.16 trillion won. The company plans to spend a total of 15 trillion won, or approximately $11.04 billion, on share repurchases. Meanwhile, SK hynix is also continuing its buyback program, purchasing 18.35 million shares, or 76.24% of its reported target, with the remaining shares expected to be acquired within the next week or two.
As these buyback programs near completion, concerns are growing in the market about a potential loss of buying support for the broader index, as corporate investors have been the only net buyers in the KOSPI market over the past month.
Brief written by urgent.news from BusinessKorea's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
