Purchase of a Beneficiary Certificate
On March 10, 2009, Samsung Electronics purchased a beneficiary certificate worth KRW 50 billion from Samsung Securities Co., Ltd.
Details
- Asset management company: Samsung Investment Trust Management
- Name of fund: Samsung 3M Private Placement Bond Trust #1
- Purpose of transaction: To stabilize asset management and improve profitability
※ This public disclosure is in accordance with the Korean Fair Trade Act, which
mandates a purchaser of a beneficiary certificate to disclose the transaction in case the
beneficiary certificate is worth more than KRW 10 billion and the securities firm or
asset management company involved is the purchaser’s financial affiliate.
Details
- Asset management company: Samsung Investment Trust Management
- Name of fund: Samsung 3M Private Placement Bond Trust #1
- Purpose of transaction: To stabilize asset management and improve profitability
※ This public disclosure is in accordance with the Korean Fair Trade Act, which
mandates a purchaser of a beneficiary certificate to disclose the transaction in case the
beneficiary certificate is worth more than KRW 10 billion and the securities firm or
asset management company involved is the purchaser’s financial affiliate.
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