Deep Tide TechFlow news: On June 24, according to Yonhap News Agency, Samsung Electronics is set to launch a large-scale stock buyback totaling nearly 900 trillion won (about $59 billion). Under an agreement reached between labor and management, since both sides have agreed to distribute special operating performance bonuses in the form of the company’s own shares (treasury stock), the company therefore needs to conduct a large buyback to make up for the shortfall beyond its current treasury stock holdings. A detailed implementation plan is expected to be announced soon.



Possibly influenced by this news, Samsung opened a sharp rebound in today’s early trading, currently up 9.35%.
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