December 20, 2016 / 7:31 AM / a year ago

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

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

    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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