Ceiling on Transactions

24 Jul 2006 07:00

Samsung Electronics Co. Ld24 July 2006 Ceiling on Transactions with Financial Affiliates On July 14, 2006, the BOD of Samsung Electronics authorized the Company to put aceiling on annual transaction volume with Samsung Securities and Samsung Investment Trust Management at a total of KRW 10 trillion (KRW 5 trillion for each). - Details - Parties involved: Samsung Securities and Samsung Investment Trust Management - Transaction target: Beneficiary Certificate - Ceiling: KRW 5 trillion for each - Transaction Purpose: To stabilize asset management and improve profitability - Valid Period: From July 15, 2006 to July 14, 2007 This information is provided by RNS The company news service from the London Stock Exchange