Samsung Electronics, the holding company transition coming in May forecast a positive conclusion - Daewoo Mirae

[Korea goyounghun financial newspaper News] Daewoo Mirae Asset expects this coming May, a holding company for Samsung Electronics doendamyeo 15 days increased the need to secure dominance in perspective was expected to draw a positive conclusion.

Samsung day before the "holding company said it will announce the current review underway as scheduled, regardless of the group issues a commitment issue with shareholders'.

Last November 29, the SEC reviewed the company to a holding company structure to optimize the company's growth and shareholder value, and may bar the disclosure that is expected to take about six months review period.

Mirae Asset Daewoo upright as researchers "Samsung holding company will be on the review of communications for the real switch Whether in May, and we believe haejun confirmed that progress, considering the review period of the proposed six months comes without a hitch," said It diagnosed as "matters within the group may need to consider additional review period will not be easy, but negative answers or more than one year make a decision on the long-term review."

The reason was described as highly likely future increase in Samsung governance-related uncertainties based on the actual implementation of policy changes currently being implemented.

Jung Institute "Samsung's ownership of the Group is 18.1% (without voting rights Treasury shares 12.8% excluded) as high without conditions to strengthen control over the stake by funding constraints and cross-shareholding restrictions in fact difficult in," said, "Samsung Electronics shares 1% spent on purchase costs, he said because from the 2.9 trillion won. "

In addition, Samsung Life is also due to Samsung Electronics shares strengthen despite curbs one shareholder with 7.6% and shares market evaluation system is filled promoting the Insurance Business Act amendments, such as it is difficult to ensure the sustainability of dominance sell Samsung Electronics shares some groups retain ownership comments that are bound to fall.

He said, "under discussion in Congress Commercial Code amendments can have a significant burden to the Samsung Group, utilizing the treasury stock holding company is the best." Prior to the amendment to limit the spin when treasury shares utilized for the said "holding company legislation Samsung the possibility of conversion of electronic holding company judged fairly high, "he said.

This enables a secure grip for added Samsung to be diagnosed and solved the governance of uncertainty. It also predicts that Samsung Electronics is consistent with the direction of active shareholder policy as part of the ongoing share buyback and incineration, dividend plans, including expansion of long-term shareholder value.

Information Institute predicts that "just transition period is a matter of choice," said "Samsung is expected to draw a positive conclusion to communicate the results of the review and whether the market for the future holding company."



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