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Last checked at 
30 Jul 2020 09:02
Transaction with Affiliate Company
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Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) on July 30, 2020 announced that its Board of Directors has authorized the following related-party transaction with an affiliated company.
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Real Estate Lease Agreement
β‘ Major Transaction Terms
Owner of Property | Samsung Electronics Co., Ltd. |
Lessee | Samsung Display Co., Ltd. |
Lease Period | August 1, 2020-July 31, 2022 |
Transaction Amount | KRW 14,530 million/year |
Purpose of Transaction | Lease of land and building |
Terms and Conditions | 1. Deposit: - 2. Annual rental payment: KRW 14,530 million - The annual rental payment is an average of the values calculatedΒ by multiple appraisal and assessment institutions considering assetΒ price, expected profit, etc. |
Other Information:
ΕΎ Number of Independent Directors present at the BOD meeting: 6 (100%)
ΕΎ Attendance of Audit Committee: Y
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β» This disclosure is in accordance with the Korean Fair Trade Act, which mandates that a company must disclose financial and real estate transactions in the event the value of such a transaction is greater or equal to KRW 5 billion and the counterparty is an affiliate of the party required to make the disclosure.
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