bullish

Samsung C&T

Samsung C&T: Share Cancellation of Nearly 1.1 Trillion Won Worth of Treasury Shares in 2024

Douglas has highlighted this Insight as a Top Pick
851 Views01 Feb 2024 07:09
Samsung C&T announced that it plans to cancel treasury shares including 7.8 million shares of common stock (4.2% of outstanding shares) in 2023.
Boomeranged on Mon, 11 Mar 2024 19:12
Samsung C&T will hold an AGM on 15 March, at which there will be a showdown with several overseas activist investors. One of the interesting twist of turns is that Kcc Corp (002380 KS) (2nd largest shareholder of Samsung C&T with a 9.17% stake) may not side with the company this time. If the Momentive IPO fails, KCC Group may eventually cash out of its stake in Samsung C&T to improve financials. 
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
  • Unlock all research summaries
  • Follow top, independent analysts
  • Receive personalised alerts and emails
  • Access Briefings, Analytics, and Events

Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.

Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.

or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 5-minute read)
Discussions
(Paid Plans Only)
chart-bar
Logo
Top 5%
Douglas Kim
Korea/Asia, Events, IPOs
Douglas Research Advisory
South KoreaEquity Bottom-UpEquity Capital Markets
Price Chart(Sign Up to Access)
analytics-chart
x