Samsung Electronics Announces $2.11 Billion Share Cancellation

Reported 3 days ago

Samsung Electronics has decided to cancel shares worth 3.05 trillion won ($2.11 billion) that it previously acquired, according to a regulatory filing. The company also plans to buy back additional shares valued at 2.7 trillion won and 304 billion won in the coming months to enhance shareholder value and support its employees.

Source: YAHOO

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