Samsung Elec shares worth $1.1 billion being sold in block deal

March 24, 2022 admin Stock News 0

© Reuters. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, October 11, 2017. REUTERS/Kim Hong-Ji

SEOUL (Reuters) – Shares in Samsung Electronics (OTC:) worth about $1.1 billion are being sold by Kookmin Bank on Thursday, according to a term sheet seen by Reuters.

About 19.9 million shares are being sold at 68,800 won per share, the term sheet said.

Samsung (KS:) Electronics did not have an immediate comment.

($1 = 1,218.6200 won)

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