Samsung To Cancel $2.11 Billion In Treasury Shares, Launches Fresh $2.08 Billion...

Published on 18 Feb 2025 on Benzinga

Samsung To Cancel $2.11 Billion In Treasury Shares, Launches Fresh $2.08 Billion...

Samsung Electronics Co. Ltd. SSNLF plans to cancel treasury shares worth 3.05 trillion won ($2.11 billion), marking a significant move to enhance shareholder value.

The tech giant also announced a new share repurchase program targeting 2.7 trillion won ($1.87 billion) in common shares and 304 billion won ($210.31 million) in preferred shares between Feb. 19 and May 16, Reuters reported.

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