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8 months ago
South Korea's Samsung Securities to issue new shares worth $297 million
December 20, 2016 / 7:31 AM / 8 months ago

South Korea's Samsung Securities to issue new shares worth $297 million

The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, July 4, 2016.Kim Hong-Ji/File Photo

SEOUL (Reuters) - South Korea's Samsung Securities Co Ltd (016360.KS) said on Tuesday it plans to issue new shares worth 354 billion won (239.66 million pounds).

The securities brokerage arm of Samsung Group [SAGR.UL] said in a regulatory filing that the new shares are expected to be listed in March 2017.

Reporting by Joyce Lee

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