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Samsung clears hurdle on way to $8 billion shakeup as court rules against U.S. fund

2015-07-07 07:48:23| Chemicals - Topix.net

A South Korean court on Tuesday denied an injunction request by a U.S. hedge fund trying to block builder Samsung C&T Corp , the de facto holding company of Samsung Group. The verdict allows chemicals and construction materials firm KCC, Cheil's second-biggest shareholder, to exercise voting rights for the treasury shares.

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