shinsegae sells samsung life insurance shares for dutyfree biz
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Shinsegae sells Samsung Life Insurance shares for duty-free biz

Arab Today, arab today

Arab Today, arab today Shinsegae sells Samsung Life Insurance shares for duty-free biz

Samsung Life Insurance
Seoul - Yonhap

South Korean retail giant Shinsegae and its discount retail chain unit E-Mart have sold their stakes in Samsung's insurance unit for 655.2 billion won (US$600 million), industry sources said Friday, securing cash for the upcoming bid for a new duty free shop.

Shinsegae and E-Mart each sold 3 million shares in Samsung Life Insurance Co. via a block sale after Thursday's market closing, shortly after announcing its stock sale plan.

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shinsegae sells samsung life insurance shares for dutyfree biz shinsegae sells samsung life insurance shares for dutyfree biz

 



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shinsegae sells samsung life insurance shares for dutyfree biz shinsegae sells samsung life insurance shares for dutyfree biz

 



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