Samsung SDI announced on August 21 that it will transfer part of its stake in Samsung Display.
The amount being sold is approximately 13.1 million shares, which represents about 33% of its total holdings of 39.9 million shares, valued at 4.45 trillion won. Following this transaction, Samsung SDI's ownership in Samsung Display will decrease from 15.2% to 10.2%.
The transaction will occur as Samsung Display conducts a share buyback, in which Samsung SDI will participate.
Samsung Display plans to purchase the shares at 340,000 won each. If the transaction proceeds as scheduled, Samsung SDI's holdings will reduce from 39.9 million shares to 26.7 million shares.
The ownership percentage will drop from 15.22% to 10.22%, a decrease of 5 percentage points. The transaction will be settled in cash, with the transfer date set for August 27.
Samsung SDI stated that the purpose of the transfer is to secure investment resources for future growth.
* This article has been translated by AI.
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