December 03, 2001 in Social Responsibility News

Sales of ECR(Electronic Cash Register) Business

Details
- Samsung Electronics(SEC) has decided to sell its ECR business to
Shin-Heung Precision Co., Ltd.
- Shin-Heung Precision Co., Ltd. Sells ECR related core components to
SEC (Shin-Heung sells 90% of its products to SEC).
SEC has no share holding to Shin-Heung.
- Sales amount: 11.4 billion won
(1.1 billion won of Tangible assets + 10.3 billion won for goodwill)
- DATE of sales: 3rd of December 2001


Effect
- SEC's ECR business has been profitable.
However, SEC decided to sell the business as it saw ECR's limited
potential in long term growth.
--> By selling ECR business, SEC expects to be able to invest more
efficiently on Printing business and other business.


Welcome to Samsung

Sign up & get 10% off

Sign up and get 10% off your first order of $100 or more! Shop Samsung.com to find the best tech at the best prices and recieve news on our latest technology and exclusive offers.*

*Exclusion apply. Order must be a minimumm of $100 or more. Offer valid only for new Samsung.com customers. Must sign up for emails by 11/12/16. Promo code must be used by 11/19.

Fast, easy checkout with Shop Samsung App
Easy sign-in, Samsung Pay, notifications, and more!
Or continue shopping on Samsung.com
×
The Shop Samsung app
Free standard shipping, exclusive offers and financing options.
GET
×
The Shop Samsung app
Free standard shipping, exclusive offers and financing options.
GET
×

You Are About To Be Redirected To Investor Relations Information for U.S.

Thank you for visiting Samsung U.S. Investor Relations. You will be redirected via a new browser window to the Samsung Global website for U.S. investor relations information.
CANCEL
CONTINUE