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Samsung's $79B Payout Plan Revealed
21 Aug
Summary
- Samsung plans a new shareholder return package up to $79 billion.
- A board meeting is scheduled for Friday after market close.
- The announcement is expected Friday, according to a source.
Samsung Electronics Co. is poised to reveal a substantial shareholder return initiative on Friday. This new package could amount to as much as 110 trillion won, equivalent to $79 billion.
The company's board is expected to convene for a meeting around 4 p.m. local time on Friday. This session is scheduled to occur after the Korean stock market has concluded its trading for the day.
A source familiar with the matter disclosed the details of the impending announcement. The scale of this planned return package highlights Samsung's financial strategy and its focus on investor returns.
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