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Samsung plans to cancel $2.11B in shares and buy $2.7B more to boost shareholder value.
Samsung Electronics plans to cancel $2.11 billion worth of its own shares it had previously bought, as reported in a regulatory filing.
The company also intends to acquire $2.7 billion worth of its own shares and $304 million worth of other shares by May 16 to enhance shareholder value and benefit employees.
This move follows Samsung's November 2021 announcement to buy back shares worth $10 billion over a year, its first such action since 2017.
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Samsung planea cancelar $2.11B en acciones y comprar $2.7B más para aumentar el valor de los accionistas.