Samsung decides to cancel over $2 billion worth of treasury stocks

Seoul, Feb 18 (IANS) Samsung Electronics said on Tuesday it has decided to cancel 3 trillion won ($2.01 billion) worth of treasury stocks as part of its buyback plan to enhance shareholder value. Around 50.1 million common stocks and 6.9 million preferred shares will be retired, according to the company in a regulatory filing. Samsung…

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