Samsung Electronics Co., Ltd. (005930) Chairman Lee Jae-yong agreed to buy a company stake from his mother. Korea Economic Daily reported the agreement on Wednesday.
Lee will purchase 0.11% of Samsung Electronics from Hong Ra-hee. Hong is Lee's mother and a member of Samsung's controlling family. The supplied candidate did not state the purchase price, number of shares or settlement date. The report identified the transaction as a direct acquisition by Lee.
The agreement concerns 0.11% of Samsung Electronics' outstanding equity. The company's market capitalisation was ₩1,575.6 trillion at Wednesday's close.
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| Symbol | Last Price |
|---|---|
| 005930Samsung Electronics Co., Ltd. | ₩269,500 +0.0% |