Samsung Elec shares priced at 84,100 won each in $326 mln block sale, sources say

Local media said the shares were sold by Lee Boo-jin, a sister of Samsung Electronics Chairman Jay Y. Lee, citing unnamed investment banking sources. Samsung Electronics declined to comment.


Reuters | Updated: 09-04-2024 06:30 IST | Created: 09-04-2024 06:30 IST
Samsung Elec shares priced at 84,100 won each in $326 mln block sale, sources say

About 5.25 million shares in Samsung Electronics were priced at 84,100 won per share in a block sale worth about $326 million, according to two sources with knowledge of the matter on Tuesday.

The sources declined to be identified as they are not authorised to speak about the matter. Local media said the shares were sold by Lee Boo-jin, a sister of Samsung Electronics Chairman Jay Y. Lee, citing unnamed investment banking sources.

Samsung Electronics declined to comment.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback