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Samsung C&T sells entire Cheil Worldwide stake to Samsung Electronics
By 황유미Published : Oct. 27, 2016 - 09:16
[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)
The deal “is to improve balance and to secure funds for improvement,” said the company.
(theinvestor@heraldcorp.com)
