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Samsung firms sell $1.3 billion Samsung Electronics stock to maintain compliance

Updated : May 31, 2018 08:03 AM IST

Samsung Life Insurance Co Ltd and Samsung Fire & Marine Insurance Co Ltd separately said their electronics affiliate's current policy of cancelling its own shares to raise the value of investors' holdings risks pushing their own holdings beyond regulatory limits.
Samsung Electronics stock fell 3.5% after local media first reported the sales plans.
Samsung firms sell $1.3 billion Samsung Electronics stock to maintain compliance

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