[ad_1]
Hong Ra-hee, honorary director of Samsung Museum of Artwork Leeum, concluded a securities disposal belief contract with Shinhan Financial institution on Jan. 9 for 15 million shares of Samsung Electronics, it was realized on Jan. 18.
In line with the Digital Disclosure System, the disposal deadline is till June 30. The aim of the inventory sale was specified as “for tax fee and mortgage compensation.” Upon completion of the disposal, Hong’s stake in Samsung Electronics will lower from 1.49% to 1.23%.
The disposal quantity is 2.085 trillion gained based mostly on the closing worth (139,000 gained) on the contract date, however the precise disposal quantity is more likely to be bigger as Samsung Electronics’ inventory worth has continued to rise just lately. Samsung Electronics’ inventory worth rose practically 10,000 gained inside per week after Hong concluded the belief contract. Primarily based on the closing worth on Jan. 16 (148,900 gained), it quantities to 2.233 trillion gained.
Securities analysts say that Hong is disposing of shares to pay inheritance tax, which has its closing installment fee deadline in April this yr, and to repay borrowings similar to stock-backed loans. Hong additionally disposed of Samsung Electronics shares value roughly 1.8 trillion gained by means of block offers in October final yr, collectively together with her dauthers, Lee Boo-jin, president of Lodge Shilla, and Lee Search engine optimization-hyun, president of Samsung C&T.
The inheritance tax that the Samsung household should pay following the loss of life of the late Lee Kun-hee, former chairman of Samsung Electronics, quantities to 12 trillion gained. The bereaved relations have been making installment funds of inheritance tax over 5 years ranging from April 2021, using the deferred fee system.
[ad_2]
