Foreign investors have shown keen interest in acquiring shares of Samsung Electronics Co. and three other firms, with a net purchase of over $1.3 billion on January 11. This surge in foreign investment coincided with the Lee family’s decision to sell shares to generate funds for tax payments.
The Lee family, the founding family of Samsung conglomerate, initiated four block trades, raising a substantial $2 billion in an offering that commenced late Wednesday. This move is reportedly aimed at covering the inheritance tax obligations following the demise of the group’s chairman in 2020.
The strong demand for Samsung Electronics shares enabled the sellers to price them at a 1.2% discount to the previous close, at the tight end of the range offered. Despite a 0.5% drop on Thursday, the shares were up by 0.3% as of 11:19 a.m. local time on Friday.
The significant influx of foreign investment in Samsung shares reflects the confidence of international investors in the company’s prospects. This development also underscores the ongoing changes within the ownership structure of the Samsung conglomerate.
For more insights into Samsung’s share sale and the implications of the Lee family’s divestment, interested readers can refer to the following articles:
- Lee Family Said to Be Seller of $2 Billion in Samsung Shares
- Biggest Korean Block Since 2002 Kicks Off Asian Sales: ECM Watch
- Samsung Heirs Pledge Stakes Worth $13 Billion as Tax Bill Looms
As the dynamics of ownership and investment in Samsung continue to evolve, it is essential to stay informed about the latest developments. The growing interest from foreign investors and the strategic decisions of the Lee family are shaping the future trajectory of one of the most prominent conglomerates in South Korea.
