12 Jun 2017 08:23
Transaction with Affiliate Company
Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC") announced today that its Board of Directors have authorized the following related-party transactions with an affiliated company.
Real Estate Lease Agreement
- Real Estate Lease Agreement of Property with an Affiliated Company (Lease of building to Samsung Display)
□ Major Transaction Terms
Owner of Property | Samsung Electronics Co., Ltd. |
Term of Lease | 7/1/2017 ~ 7/31/2018 |
Transaction Amount | KRW 6,150 million/year |
Leased Premises | Building |
Location | Giheung Complex, 95 Samsung 2-ro, Giheung-gu, Yongin-si, Gyeonggi-do |
Terms and Conditions | 1. Security Deposit: - 2. Annual Rental Payment: KRW 6,150 million \* The annual rental payment is calculated on the assessment of properties of equivalent value and expected interest rate by independent appraisal companies. |
Other Information:
ž Number of Independent Directors Present at the BOD Meeting: 5
ž Attendance of Audit Committee: Y
※ 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 a affiliate of the party required to make the disclosure.
Samsung El.gdr (SMSN)