Lee Boo-jin Conducts Block Deal of Samsung's Three Companies' Shares to Pay Inheritance Tax

Samsung C&T, Samsung SDS, Samsung Life Stock Disposal
Three Samsung Family Women Complete Samsung Electronics Stock Block Deal
Stock Sale Proceeds Total 2.7 Trillion KRW

[Image source=Yonhap News]

Lee Boo-jin, President of Hotel Shilla, sold shares of Samsung C&T, Samsung SDS, and Samsung Life Insurance through off-hours trading on the 15th to pay inheritance tax. Earlier, she had announced that she, along with Hong Ra-hee, former director of the Samsung Museum of Art Leeum, and Lee Seo-hyun, Chairwoman of the Samsung Welfare Foundation, would also sell shares of Samsung Electronics.

According to the Financial Supervisory Service's electronic disclosure on the day, Lee sold 0.65% (1,205,718 shares) of Samsung C&T, 1.95% (1,511,584 shares) of Samsung SDS, and 1.16% (2,315,552 shares) of Samsung Life Insurance through a block deal.

Additionally, Lee, former director Hong, and Chairwoman Lee announced that they sold 29,829,183 common shares of Samsung Electronics through a block deal on the 11th.

The scale of Samsung Electronics shares sold by the three women is 0.32% (19,324,106 shares) by former director Hong, 0.04% (2,401,223 shares) by President Lee Boo-jin, and 0.14% (8,103,854 shares) by Chairwoman Lee Seo-hyun.

The selling price was 72,717 KRW per share, totaling 2.1691 trillion KRW. After the sale, the three women's shareholding ratios in Samsung Electronics decreased to 1.45% for former director Hong, 0.78% for President Lee Boo-jin, and 0.70% for Chairwoman Lee Seo-hyun.