December 02, 2000 in Social Responsibility News

Voluntary Disclosure



1. Target company
- Name: TTSEC (China)
- Paid-in-capital: USD 99,600,000
- Shares outstanding: Non
- Business area: Color TV set production
- Book value: KRW 24.6 billion

2. Disposal details
- Disposal amount: USD 1
- Ownership after the disposal (shares, %): Non
- Disposal date: December 4, 2000
- BOD resolution date: December 1, 2000
- Purpose: To integrate TTSEC with SCIC (Samsung China Investment Co., Ltd.)

3. Others
- The total equity investment Samsung Electronics made in TTSEC amounted to KRW 120 billion, but the book value calculated under the equity method assessment was KRW 24.6 billion.
- The disposal amount was calculated by an independent assessment agency.


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