Samsung Electronics family to sell $1.2 billion stake amid share rally

Samsung Chairman Jay Y Lee's Family Plans To Offload $1.2 Billion In Shares To Pay Massive $8 Billion Inheritance Tax - Samsung Electronics Co (OTC:SSNLF), NVIDIA (NASDAQ:NVDA)

Samsung Electronics Co. Ltd. (OTC: SSNLF) Chairman Jay Y Lee's mother and sisters plan to sell $1.2 billion worth of shares to cover a massive inheritance tax bill.

Samsung chairman's family to sell 17.7 million shares to cover tax, loan payment

The mother and two sisters of Samsung Electronics (005930.KS) Chairman Jay Y. Lee plan to sell some 1.73 trillion South Korean won ($1.22 billion) worth of shares in the South Korean tech firm, the company said in a regulatory filing. The purpose of the sale of 17.7 million shares, or a 0.3% stake in Samsung Electronics, is to cover tax payments and loan repayment, according to the late Friday filing with the Korea Exchange. Experts view the sal…

Samsung Electronics family to sell $1.2 billion stake amid share rally

SEOUL :The mother and two sisters of Samsung Electronics Chairman Jay Y. Lee plan to sell some 1.73 trillion won ($1.22 billion) worth of shares in the South Korean tech firm, the company said in a regulatory filing.The purpose of the sale of 17.7 million shares, or a 0.3 per cent stake in Samsung Electronics

Samsung heirs to sell $1.22 billion in shares to cover inheritance taxes

SEOUL: The family of Samsung Electronics Chairman Jay Y. Lee is preparing to sell a portion of their stake in the South Korean tech giant, amounting to 1.73 trillion won ($1.22 billion), to meet massive inheritance tax obligations stemming from the death of the company’s late patriarch, Lee Kun-hee. According to a regulatory filing submitted to the Korea Exchange late Friday, Lee’s mother Hong Ra-hee and his sisters Lee Boo-jin and Lee Seo-hyun …

Samsung Electronics family to sell 1.7 trillion won stake amid share rally

The company has secured supply deals with other major customers and expectations have risen that the company will be able to supply its latest high-bandwidth memory products to Nvidia