Samsung chairman Lee Jae-yong will buy $1.4bn of shares from his mother in October

Samsung Electronics chairman Lee Jae-yong will buy just over 7.1 million shares from his mother, Hong Ra-hee, in an off-market transaction worth 1.94tn won, or about $1.4bn. The deal is scheduled for 12 October and was reported by Reuters after a filing with South Korea’s Financial Supervisory Service on Wednesday. The mechanics are small, and the meaning […] This story continues at The Next Web

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