|
Samsung Electro-Mechanics said in a regulatory
filing it will sell all 6,099,604 shares it owns in SDS,
although the number may be subject to change.
Samsung SDS, expected to list in November, is seen submitting a
range of around 150,000 to 190,000 won per share to regulators
when it files for the listing next week, a source with direct
knowledge of the matter told Reuters.
The range, which is roughly in line with what Reuters previously
reported, would allow Samsung Electro-Mechanics to raise between
914.9 billion and 1.16 trillion won ($876.40 million-1.11
billion) from its stake in SDS.
The source declined to be identified as the listing process was
confidential, and the range was not yet finalised.
Shares in Samsung Electro-Mechanics jumped nearly 6 percent on
Friday, beating a 0.1 percent drop in the wider market.
A spokesman for Samsung SDS declined to comment.
(Reporting by Joyce Lee; Editing by Clarence Fernandez)
[© 2014 Thomson Reuters. All rights
reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
