Samsung Electronics reportedly considering splitting up business
Tuesday, 29 November 2016
Samsung Electronics Co. confirmed that it was reviewing the “possibility” of creating a holding company structure to improve the company’s corporate structure and enhance its transparency. ”Samsung Electronics has taken steps to simplify its business to concentrate on core capabilities in the past several years and the company continues to review opportunities to optimize long-term value,” Samsung said in a statement. “This includes the possibility of creating a holding company structure and the potential benefits and feasibility of listing the company’s shares on additional international exchanges,” the statement added. The South Korean giant said it would take about six months for the review to be completed. “The review does not indicate the management or the board’s intention one way or another.
You Might Like
Other recent news in Technology