Samsung SDS small shareholders demand action

[THE INVESTOR] Samsung SDS’ small shareholders are demanding Samsung Group to take measures to boost the company’s stock prices.

On June 20, an online association of Samsung SDS shareholders posted a letter addressed to Samsung Future Strategy Office chief and Samsung Electronics vice chairman Choi Ji-sung.

In the letter, the shareholders criticized the company’s plans to separate its logistics business, and called on him to show the company’s plans for buoying stock prices. 

Samsung SDS closed at 153,000 won (US$ 131) on June 20. On Jan. 4, the first day of trading this year, Samsung SDS closed at 250,500 won.

The shareholders had visited Samsung SDS’ office on June 7, and 14 demanding measures from the company. At the time, Samsung SDS chief financial officer Park Sung-tae said that plans will be drawn up within two weeks.

The shareholders have said that they will hold rallies, and take legal action against Samsung Electronics vice chairman Lee Jae-yong and SDS CEO Chung Yoo-sung should the company fail to provide a plan acceptable to them by June 27.

By Choi He-suk (cheesuk@heraldcorp.com)