Samsung Electronics Shares Surge 10% on Reported 100 Trillion Won Return Plan
Samsung Electronics shares rose 10 percent in trading on market reports that the company will announce a shareholder return plan worth 100 trillion Korean won. The reported plan, if confirmed, would represent a substantial capital return programme for the South Korean technology group. The stock price gain reflects investor reaction to the market speculation, though Samsung has not yet officially confirmed the details of the plan.
Samsung Electronics shares extended their gains to 10 percent. Market reports indicate the company will announce a shareholder return plan worth 100 trillion Korean won.