August 28, 2015

Transfer of Assets

On 28 August 2015, the Board of Directors of Samsung Electronics approved the transfer of assets of Samsung Fine Chemicals to Samsung Electronics, Co., Ltd.


▫ Details

1. Date of Transfer (scheduled) : 16 September 2015
2. Items of Transfer: Buildings and constructions, etc.
3. Value of Transfer: KRW 95,278,000,000
4. Purpose of Transfer: To secure an R&D infrastructure for advanced development and testing of new materials
5. Expected outcome: To enhance our competitiveness of the existing electronics business and strengthen material R&D capabilities for the future business through the increase of R&D assets
6. Attendance of Independent Director at the BoD meeting : 4 (80%)
7. Attendance of Audit Committee members at the BoD meeting : Yes (100%)
8. Others : Scheduled Date of Transfer in the item 1 indicates scheduled date for the transfer of payment and the rights of ownership.


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