Samsung C&T

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

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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. 
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Douglas Kim
Korea/Asia, Events, IPOs
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South KoreaEquity Bottom-UpEquity Capital Markets
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