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Samsung Group's Lee to buy $186 mln worth of shares in group firms

2016-02-25 11:44:45| Chemicals - Topix.net

Feb 25 Samsung Group de facto leader Jay Y. Lee will acquire 230.2 billion won worth of shares in two group companies, boosting his stake in the South Korean conglomerate's de facto holding company amid an ongoing succession process. Jay Y. Lee is acquiring 200 billion won worth of shares in Samsung C&T Corp from Samsung SDI, which on Thursday said it is selling 765 billion won worth of C&T shares to comply with a South Korean regulatory ruling.

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