Samsung C&T Corporation (028260.KS)
| Previous close | 146,100.00 |
| Open | 146,700.00 |
| Bid | 145,100.00 x 0 |
| Ask | 145,200.00 x 0 |
| Day's range | 144,000.00 - 147,400.00 |
| 52-week range | 99,300.00 - 171,700.00 |
| Volume | |
| Avg. volume | 564,105 |
| Market cap | 23.834T |
| Beta (5Y monthly) | 0.73 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | 24 July 2024 - 29 July 2024 |
| Forward dividend & yield | 2,550.00 (1.75%) |
| Ex-dividend date | 27 Dec 2023 |
| 1y target est | 187,455.00 |
CNN BusinessSamsung boss acquitted of financial crimes in surprise ruling
Samsung chief Lee Jae-yong was found not guilty by a Seoul court on Monday on charges of stock manipulation and accounting fraud connected to a controversial merger in 2015 of two Samsung affiliates.
Associated Press FinanceSamsung chief Lee Jae-yong is acquitted of financial crimes related to 2015 merger
A South Korean court on Monday acquitted Samsung Electronics Chairman Lee Jae-yong of financial crimes involving a contentious merger between Samsung affiliates in 2015 that tightened his grip over South Korea’s biggest company. The ruling by the Seoul Central District Court could ease the legal troubles surrounding the Samsung heir less than two years after he was pardoned of a separate conviction of bribery in a corruption scandal that helped topple a previous South Korean government. The court said the prosecution failed to sufficiently prove the merger between Samsung C&T and Cheil Industries was unlawfully conducted with an aim to strengthen Lee’s control over Samsung Electronics.
- Reuters
UPDATE 3-Samsung boss denies wrongdoing as South Korea prosecutors seek jail term over 2015 merger
Samsung Electronics chairman Jay Y. Lee denied wrongdoing on Friday after South Korean prosecutors called for him to be jailed for five years on charges of accounting fraud and stock price manipulation involving an $8 billion merger of Samsung affiliates in 2015. The case is the last against Lee, who was pardoned for an earlier, separate conviction and last year cemented his leadership position of Samsung as executive chairman. During Friday's hearing at Seoul Central District Court, prosecutors accused Lee, 55, and other former executives of violating the Capital Markets Act to make possible the 2015 merger that helped Lee assume greater control of the group's flagship Samsung Electronics.
