Samsung Electronics to review optimal corporate structure

11/29, 1:20 AM (Source: TeleTrader.com)

Samsung Electronics Company Ltd. said on Tuesday it is considering options for its optimal corporate structure with an external advisor. The review includes the possibility of transitioning to a holding company structure, as well as listing shares in additional markets.

Besides weighing potential benefits of listing its shares on other overseas markets, Samsung also plans to pay out 50% of its free cash flow to shareholders for 2016 and 2017 and to increase the total 2016 dividend per share by 36%. The company also intends to create a new Board Governance Committee comprised of independent directors.

“The review does not indicate the management or the board's intention one way or another," the software giant said, adding the review process would take at least six months.

Teletrader Newsroom / RV