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2024-11-18 03:10:07
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cnbc.com_5 on Nostr: CNBC World ✍️ Samsung Electronics announced a surprise plan to buy back 10 ...



✍️ Samsung Electronics announced a surprise plan to buy back 10 trillion South Korean won worth of its own stock, causing its shares to jump over 7%.
👉 Samsung will buy back 10 trillion South Korean won worth of its own stock over the next 12 months
👉 3 trillion won of shares will be initially bought back in the next three months and canceled
👉 The remaining 7 trillion won worth of shares will be repurchased and used to enhance shareholder value

#ArjunKharpal #Seoul #mainstream #business


The company last bought back shares in November 2017.
https://www.cnbc.com/2024/11/18/samsung-shares-climb-more-than-7percent-after-unveiling-surprise-7-billion-buyback.html

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