SEOUL: Samsung Electronics plans to buy back shares worth 10 trillion won (US$7.17 billion) over a one-year period to boost shareholder value, it said in a regulatory filing submitted after the market closed on Friday. Shares of Samsung Electronics rose 7.2 per cent on Friday, posting the biggest daily jum

Channel News Asia

Singapore

Samsung Electronics plans $7.2 billion buyback to boost shareholder value

Media Bias/Fact Check

Government of Singapore

Samsung Electronics Co. plans to buy back about 10 trillion won ($7.2 billion) of its own stock over the next year, putting in motion one of the larger shareholder return programs in its history.

Ad Fontes Media

All Sides

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

United States

Samsung Unveils Surprise $7 Billion Buyback as AI Fears Persist

Samsung Electronics said Friday it will buy back its own shares worth a combined 10 trillion won ($7.16 billion) over the next year as part of efforts to boost its shareholder value following a recent slide in its stock price.

The Korea Times

Dongwha Enterprise

South Korea

Samsung Electronics to buy back 10 tril. won in shares to enhance shareholder value

The board of directors will decide on ways to enhance shareholder value, including when and how to use the remaining seven trillion in the repurchase programme, it said in a statement. In the short term, the decision would likely help Samsung's share performance, but the company needs concrete business plans to better support its share performance, analysts said.

The Economic Times

Sahu Jain family

Samsung Electronics plans $7.2 billion buyback after share price plunges

SEOUL (Reuters) –     Samsung Electronics plans to buy back shares worth 10 trillion won ($7.17 billion) over a one-year period to boost shareholder value, it said in a regulatory filing submitted after the market closed on Friday. Shares of Samsung Electronics rose 7.2% on Friday, posting the biggest daily jump since March 2020 and rebounding from their lowest level since mid-June 2020. They were still down 32% year to-date. ($1 = 1,395.3100 wo…

WTVB

Midwest Communications

Samsung Electronics Co. said Friday it will buy back its own shares worth a combined 10 trillion won (US$7.16 billion) over the next year as part of efforts to boost its shareholder value following a recent slide in its stock price. In the buyback plan approved by the board of directors, a combined 3 trillion won of shares will be bought back within three months starting Monday and continuing until Feb. 17, the company said in a statement. For t…

The Korea Herald

Seoul

Samsung Electronics to buy back 10 tln won in shares to enhance shareholder value

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Techmeme

California

Filing: Samsung plans to buy back about $7.2B of its own stock in stages over the next year, in one of the larger shareholder return programs in its history

Samsung Electronics said on Friday it will buy back its own shares worth a combined 10 trillion won ($7.16 billion) over the next year as part of efforts to boost its shareholder value following a recent slide in its stock price.

IBTimes India

IBT Media

India

Samsung to buy back stock worth $7.16 billion to boost shareholder value

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(Bloomberg) -- Samsung Electronics Co. plans to buy back about 10 trillion won ($7.2 billion) of its own stock over the next year, putting in motion one of the larger shareholder return programs in its history.
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Samsung Electronics plans $7.2 billion buyback to boost shareholder value

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