October 22, 2001 in Social Responsibility News

Sale of Samsung Electronics owned Building in

Details
-Seller: Samsung Electronics Co., Ltd.
-Buyer: Samsung Kwangju Co., Ltd.
※ Share structure:
SEC - 94.25%
Other individuals - 5.75%

※ Major products: Refrigerator, Vacuum cleaner, Showcase, Compressor

-Item for sale: SEC owned 10 thousand pyung (1pyung=3.3 square meter) factory and other facilities in the Kwangju Electronics Co., Ltd. site
-Price: 36.1billion won(VAT excluded)

※ Price evaluated by the Korea Appraisal Board,
an independent evaluating firm

-Time of Transaction(Oct. 23) : Contract of sales will be drawn up after the BOD resolution


Background
-An effort to manage possession of real estates between parent company and subsidiary according to business needs of respective entities


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