Not considering merger of holding firm and Samsung C&T: Samsung Electronics
29 Nov 2016 1:58 AM GMT
Samsung Electornics has no plans at present to consider a merger between a holding firm and Samsung C&T.
Samsung Electronics Co Ltd has agreed to buy new shares of BYD worth 3 billion yuan
Samsung Electronics said on Tuesday it has no plans at present to consider a merger between a holding company and Samsung C&T Corp in its ongoing structural review.
US activist hedge fund Elliott Management in October called for the world's top smartphone maker to split itself into a vehicle for ownership and an operating company, then merge the ownership company with Samsung C&T.
Samsung Electronics said it will only consider at present whether it should move to a holding company structure.
( Source : reuters )
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