SEOUL: Samsung Electro-Mechanics Co Ltd is set to raise up to 1.16 trillion won (RM3.5 billion) by selling via the stock exchange in November its entire stake in affiliate Samsung SDS, the IT services unit of Samsung Group. In a regulatory filing yesterday, SDS said Samsung Electro-Mechanic planned to sell 6,099,604 shares ” equivalent to its entire 7.9 per cent stake ” at between 150,000 won and 190,000 won each. SDS said its other shareholders, Samsung Electronics Co Ltd and the three children of Samsung Electronics Chairman Lee Kun-hee, would not be selling their holdings. Reuters
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