Samsung SDI to buyback W289b worth shares

[DISCLOSURE] Samsung SDI (006400), an affiliate of Samsung Electronics, said on Oct. 27 that it will purchase treasury stocks worth 298 billion won (US$261.17 million) to level up the stock price.

The share buyback includes 3.3 million shares of its common stock and 70,000 shares of preferred stock.

The stock repurchase plan will be completed by Jan. 27, 2017.

(theinvestor@heraldcorp.com)