Welcome to the
! Please enjoy our special offers for you

December 24, 2003 in Social Responsibility News

Merger between Affiliates

1. Merger companies: Samsung Card and Samsung Capital
Samsung Card
- Shareholders’ equity: KRW 278,701,915,000
- Shares outstanding: 55,740,383 shares
- Business area: Credit card, leasing, and loan-making
- Samsung Electronics’ equity investment in Samsung Securities
· Investment amount: KRW 260,913,615,000 (31,261,946 shares)
· Ownership: 56.08%
Samsung Capital
- Shareholders’ equity: KRW 208,299,165,000
- Shares outstanding: 41,659,833 shares
- Business area: Financing and leasing.

2. Merger details
- Merger purpose: To stabilize the business operation through improving management efficiency and to lay the foundation of a long-term growth.
- Merger method: Samsung Card takes over Samsung Capital
- Merger terms and conditions: 0.47 shares for each Samsung Capital share
- Merged company’s shareholders’ equity: KRW 377,249,915,000
- Merged company’s shares outstanding: 75,449,983 shares
- Merger schedule
· December 23, 2003: BOD resolution of the merger and signing of the take-over contract.
· January 17, 2004: Shareholders meeting of Samsung Card
· February 1, 2004: Takeover date

3. The BOD of Samsung Card authorized the merger on December 23, 2003.

4. Others
Samsung Electronics, the major shareholder of the respective companies, is
examining whether to participate in a rights issuance by the merged company in
a proportion to its ownership of the merged company. The BOD will make a decision on whether to participate in the equity issuance. Follow-up BOD decisions regarding the issue will be disclosed.

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.
The Shop Samsung app
Free standard shipping, exclusive offers and financing options.

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.

Redirect Notification

As of Nov. 1, 2017, the Samsung Electronics Co., Ltd. printer business and its related affiliates were transferred to HP Inc.

For more information, please visit HP's website: http://www.hp.com/go/samsung

Select CONTINUE to visit HP's website.