samsung reviews holding company structure
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Samsung Reviews Holding Company Structure

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Arab Today, arab today Samsung Reviews Holding Company Structure

Samsung Electronics Company
Seoul - QNA

Samsung Electronics Company said Tuesday it has been reviewing the possibility of creating a holding company structure to improve the company's corporate structure and enhance its transparency. 
In a statement, Samsung said it will also increase total dividends in 2016 by 30% on year, bringing the annual dividend amount to 4 Trillion Won (US$3.4 Billion). 
"Samsung Electronics has taken steps to simplify its business to concentrate on core capabilities in the past several years and the company continues to review opportunities to optimize long-term value," Samsung said in the statement carried by Korean News Agency (Yonhap) today. 
"This includes the possibility of creating a holding company structure and the potential benefits and feasibility of listing the company's shares on additional international exchanges," it said. 
Samsung said it will take about six months for the review to be completed

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