Samsung Chairman Lee to Buy Shares From Mother
Samsung Electronics Chairman Jay Y. Lee will purchase 1.9 trillion won worth of shares from his mother, Hong Ra-hee. The transaction is scheduled to take place on October 12, according to a company regulatory filing.
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Samsung Electronics Chairman Jay Y. Lee will acquire 1.9 trillion won ($1.4B) in company shares from his mother, Hong Ra-hee, bolstering his stake. The transaction was disclosed in a regulatory filing on Wednesday in South Korea. The share transfer is scheduled to settle on October 12.
