Samsung chairman to receive Samsung Electronics shares worth $1.94 bil. from mother
Samsung Electronics Executive Chairman Lee Jae-yong will receive the company’s shares worth 2.6 trillion won ($1.94 billion) from his mother, former Leeum Museum of Art Director Hong Ra-hee. According to the company’s regulatory filing Tuesday, Hong will gift approximately 11.16 million shares of Samsung Electronics to Lee. The shares represent a 0.17 percent stake in the company and are worth…
Samsung Electronics Executive Chairman Lee Jae-yong will receive shares worth $1.94 billion from his mother, former Leeum Museum of Art Director Hong Ra-hee, according to a regulatory filing by the company. The transfer, which includes approximately 11.16 million shares representing a 0.17 percent stake, is set to complete on November 12, increasing Lee's stake to 1.75 percent from the current 1.58 percent.
Hong's stake will decrease from 0.99 percent to 0.82 percent. Samsung Life Insurance currently holds the largest stake at 8.51 percent, while the largest shareholder group, including Samsung affiliates, related parties, and family members, holds 19.7 percent of the company's voting shares.
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- Samsung chairman to receive Samsung Electronics shares worth $1.94 bil. from mother koreatimes.co.kr
- Samsung Chairman Lee Jae-yong to receive 2.6 tln won in shares from mother en.yna.co.kr
- Samsung Electronics chairman Lee to receive 2.6 trillion won worth of shares from mother, reports say channelnewsasia.com
