Samsung Life to unload W1.32tr worth of shares in Samsung Electronics

Samsung Life Insurance Co. said Thursday it will sell around 1.32 trillion won ($881.6 million) worth of its shares in Samsung Electronics Co. In a regulatory filing, Samsung Life said it decided to offload about 6.24 million shares, equivalent to roughly 0.11 percent of the outstanding shares of Samsung Electronics. Samsung Fire & Marine Insurance Co. also said it will sell about 1.09 million shares, or 0.02 percent of the total Samsung Electronics stocks, worth 227.5 billion won. The companies

By The Korea Herald

Samsung Life to divest 1.3 trln won worth of Samsung Electronics' shares