Last checked at 26 Nov 2014 07:00
Sales of Equity Assets
On 26 November 2014, the Board of Directors of Samsung Electronics authorized the sales of equity assets in Samsung General Chemicals Co., LTD. to Hanwha Chemical Corporation (KRW:009830) and Hanwha Energy Corporation. Samsung General Chemicals is an affiliate company in Samsung Group.
Details
1. Details of Transaction:
Samsung Electronics plans to sale a total of 3,016,705 shares.
\* The total number of shares issued: 57,060,923
2. Transaction amount: KRW 100 billion
3. Date of Transaction
The effective date of asset transfer is 26 November 2014. The asset transfer will be
executed sequentially and closed-out by June 2015.
4. Decision-making
The purpose of asset sale is to secure capital resources for investments in new businesses and
to strengthen the Company's core competency.
5. Details on contract resolution (including put-option): None
6. Other information
ž The actual transaction amount could differ due to adjustment in asset price, etc.
* This public disclosure is in accordance with the Financial Investment Services and Capital Markets Act (Article 200-1), which mandates major shareholder of a stock-listed corporation to report matters
concerning the current status of specific securities, etc. owned by type and changes therein.