The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Renewal of Property and Casualty Insurance

27 Jul 2017 08:17

RNS Number : 2687M
Samsung Electronics Co. Ld
27 July 2017
 

 

Renewal of Property & Casualty Insurance Policy

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC") announced today

that its Board of Directors has approved the renewal of the property and casualty insurance policy

from Samsung Fire & Marine Insurance Co., Ltd., which was set to expire on July 31, 2017.

 

▫ Details

 

1. Effective Date : August 1, 2017

 

2. Insurance Premium: KRW 56.057 billion

 

3. Coverage Period: August 1, 2017 ~ July 31, 2018 (1 year)

 

4. Purpose: To insure against any damage or loss from fire or other accidents at SEC's

business sites located in Korea.

 

This public disclosure is in accordance with the Korean Fair Trade Act, which

 mandates that a purchaser of an insurance policy disclose the purchase of the policy

 in the event the transaction is worth more than KRW 5 billion and the insurance

 company involved is the purchaser's financial affiliate.

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUBABRBNABURR

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.