Reported 2 days ago
The family of Samsung Electronics Chairman Jay Y. Lee plans to sell shares worth approximately $1.2 billion to cover tax payments and loan repayments. This sale of a 0.3% stake comes as they aim to manage inheritance taxes linked to the estate of the late Samsung patriarch Lee Kun-hee. Despite the sale, which could affect retail investor sentiment, Samsung's stock has experienced a significant increase of over 84% this year.
Source: YAHOO