SEOUL (Reuters) – Samsung Electronics said on Friday trading in its shares will be halted for three days between April 30 and May 3 for its planned stock split.
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea South Korea, October 11, 2017. Picture taken on October 11, 2017. REUTERS/Kim Hong-Ji
The split shares are expected to be listed on May 4, Samsung Electronics said in a regulatory filing. South Korea’s stock market will not be open on May 1.
Samsung Electronics, one of Asia’s most valuable stocks, announced a 50:1 stock split in January in a move that will make it easier for retail shareholders to hold Samsung shares.
Reporting by Joyce Lee; Editing by Shri Navaratnam
