Purchase of a Beneficiary Certificate
On April 7, 2009, Samsung Electronics purchased a beneficiary certificate worth KRW 150 billion from Samsung Securities Co., Ltd.
Details
- Asset management company: Samsung Investment Trust Management
- Name of fund: Samsung3M Private Placement Bond Trust #2
- 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: Samsung3M Private Placement Bond Trust #2
- 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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