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KRX:016360

9 stories mentioning KRX:016360Updated 9d ago

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Asia

Market Chatter: Flashlight Capital Seeks Access to Samsung Affiliates' S-1 Stakes

Flashlight Capital Partners has sought access to the shareholder registers from five Samsung Group affiliates that collectively hold a 20.6% stake in S-1 Corp as part of its efforts to improve performance and shareholder returns, Reuters reported Wednesday.Flashlight founder and CEO Sanghyun Lee said that the move is to exert outsized influence over S-1, which has underperformed the benchmark KOSPI in recent years, the report said.The five Samsung Group affiliates include Samsung SDI (KRX:006400), Samsung Life Insurance (KRX:032830), Samsung Fire & Marine Insurance (KRX:000810), Samsung Securities Co., Ltd. (KRX:016360) and Samsung Card (KRX:029780).(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Samsung Securities to Underwrite Up to KRW40.9 Billion of Samsung FN REIT Shares

Samsung Securities (KRX:016360) plans to invest up to 40.9 billion won in affiliate Samsung FN REIT in November by underwriting the unsubscribed portion of the real estate investment trust's paid-in capital increase.The investment amount may change based on the final issue price, to be determined on Oct. 29, according to a filing with the Korea Exchange on Tuesday.

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Asia

Market Chatter: Samsung Securities to Pay KRW1.86 Billion in Damages Over 2018 Fat-Finger Error

Samsung Securities (KRX:016360) has to pay 1.86 billion won in damages to the National Pension Service, following a ruling from Korea's Supreme Court on a stock issuance mistake in 2018, Yonhap News Agency reported Wednesday.The NPS filed a damages suit against the securities company after an official made a fat-finger error on April 6, 2018, according to the report.The official inputted 1,000 shares instead of 1,000 won per share in dividends for employees under a compensation plan, the report said.Samsung Securities did not immediately respond to' request for comment.Shares of the securities company rose more than 1% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Samsung Securities' Attributable Net Income More Than Doubles in Q2

Samsung Securities (KRX:016360) recorded a 108% rise in attributable net income in the second quarter to 488.2 billion won from 234.6 billion won a year prior.The financial services company's sales in the three months ended June 30 soared 112% year on year to 9.664 trillion from 4.567 trillion, according to a Tuesday South Korea filing.

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Asia

KB Financial Authorizes 700 Billion Won Treasury Stock Buyback via Trust Contract

KB Financial's (KRX:105560) board approved a 700 billion won treasury stock acquisition through a trust contract with Samsung Securities (KRX:016360) on Thursday, according to a bourse filing on the same day.The buyback program runs from July 24 to Dec. 16, targeting approximately 3.99 million common shares at a reference price of 175,100 won per share, based on the July 22 closing price.The company currently holds 3.58 million treasury shares within the dividend-available limit and 19.8 million shares indirectly through existing trust contracts, for a total of about 22.9 million shares.All shares acquired under the new trust contract are expected to be retired within one year after the contract period ends.The acquisition remains within the company's 1.14 trillion won limit of distributable profits as of the previous fiscal year-end.

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Asia

Samsung Securities to Borrow Equities from Affiliate Asset Manager

Samsung Securities (KRX:016360) plans to borrow domestic equity securities, including stocks and listed index investment trusts, from its affiliate, Samsung Asset Management.The 20 billion-won transaction, running from Aug. 1 to Oct. 31, is intended for securities-lending intermediation, according to a bourse filing on Tuesday.The borrowing terms will be set through bidding, with the highest offered rate selected, while other conditions follow the Korea Securities Depository's lending rules.As of July 3, the outstanding balance of securities borrowed from the affiliate stood at 108.1 billion won.

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Asia

DBS Group to Partner With Samsung Securities on Wealth Management

DBS Group (SGX:D05) said it was partnering with Samsung Securities (KRX:016360) to advance wealth management collaboration across Asia, according to a Thursday statement.Under the memorandum of understanding, both sides will explore offering DBS clients access to the South Korea market. In return, Samsung Securities' clients will see access to DBS' global wealth solutions.

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Asia

Samsung Securities Offers Equity-Linked Securities Worth KRW440 Billion; Shares Decline 4%

Samsung Securities (KRX:016360) launched a public offering of equity-linked securities (ELS) worth 440 billion won on Wednesday, according to a same-day filing with the Korean Exchange.Subscription for the offering will be active from June 18 to June 25, with the payment date being June 25, the filing said.Shares of Samsung Securities fell over 4% in recent trade.

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Asia

Market Chatter: Samsung Electronics' Market Valuation Tops $1 Trillion on Strong AI Chip Demand

Shares of Samsung Electronics (KRX:005930) surged nearly 12% in Wednesday morning trade to hit a market valuation of $1 trillion, supported by the strong demand for AI chips, Bloomberg News reported on the same day.The South Korean chipmaker became the second Asian firm after Taiwan Semiconductor Manufacturing (TPE:2330) to hit the $1 trillion mark, the report said.Overseas investors appear to be driving the recent rally in the stock, supported by a deal between Interactive Brokers and Samsung Securities (KRX:016360) that allows U.S. investors to directly buy South Korean stocks, it said.The firm's semiconductor wing had posted record profit in the first quarter, surpassing expectations by a wide margin on strong AI data center demand, with analysts expecting the momentum to continue in the quarters ahead as contract prices keep moving higher amid a scarce supply, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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