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Samsung shares will be suspended 50: 1 after the suspension of three days

via:博客园     time:2018/3/6 12:01:14     readed:175

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According to foreign media reports, industry sources said that a special task force headed by the Korea Stock Exchange to consider the shares suspended after Samsung Electronics shares suspended for three days.

Informed sources said the Korea Stock Exchange and financial market regulators, including the Korea Securities Depository, have decided to reduce the suspension of shares from 15 days to three days. Officials are expected to issue an official statement on March 7.

Earlier, a South Korean exchange official said: "Due to a loophole in the domestic stock exchange system, we consider shortening stock suspension after the split. In addition, in the case of M & A and capital reduction, we may also reduce the suspension period. & rdquo;

In January of this year, Samsung announced a 50: 1 split in order to facilitate investors to buy the company's shares. After the Samsung statement, the Korea Stock Exchange set up a special group to study related issues.

South Korean regulators said they will revise their existing regulations to reduce the impact because Samsung is the largest market-cap company in South Korea. Authorities added that they considered reducing the related red tape before Samsung announced its share split.

It is reported that Samsung shares will be suspended from April 25.

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