Alphabiz - Samsung Electro-Mechanics secured 100 billion won by selling all of its shares in SoluM

This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology

(사진= 삼성전기 제공)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] Samsung Electro-Mechanics sold all of its shares in SoluM to secure liquidity and secured 100 billion won.

According to the industry on the 27th, Samsung Electro-Mechanics sold 4.65 million shares (9.3% stake) of its entire SoluM shares on the 24th through an overtime trading (block dick) method.

SoluM was established in September 2015 by spin-offing Samsung Electro-Mechanics' power module business, tuner business and electronic price indicator business. Samsung Electro-Mechanics was the second largest shareholder of SoluM by the end of last year.

The discount rate for this block deal is said to be 8∼9%. The block deal is interpreted as a way for Samsung Electro-Mechanics to clean up its non-mainstream business amid growing economic uncertainties and secure cash.

 

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)