ZEE Business
ZEE BUSINESS
Live TV
Live TV
  • India
    • Economy
    • Politics
    • Markets
  • World
    • Economy
    • Politics
    • Markets
  • Companies
    • Auto
    • Banking & Financial Services
    • Pharma
    • Energy
    • Infrastructure
    • Media
    • IT
    • Telecom
    • Consumer Products
    • Aviation
    • FMCG
  • Market
    • Mutual Funds
    • Commodity
  • Personal Finance
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
  • Technology
  • Automobile
    • Cars
    • Bikes
  • Small Business
    • SME
    • Startups
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
    • AUTHORS
Home » Companies News

Samsung Electronics considers splitting into two

  • Twitter
  • Facebook
  • GPlus
Samsung Electronics considers splitting into two
Samsung said in a statement it would consider breaking the company into a holding firm and a producing and operating unit and would take at least six months to study the option. Image Source: AFP
By AFP
Updated: Tue, Nov 29, 2016
10:22 am
Seoul , AFP
RELATED NEWS
Samsung suffers worst decline in smartphone sales; iPhone 7 struggles Samsung suffers worst decline in smartphone sales; iPhone 7 struggles
Samsung Electronics third-quarter profit falls 30% after Note 7 failure Samsung Electronics third-quarter profit falls 30% after Note 7 failure
Samsung Electronics sold shares in four companies Samsung Electronics sold shares in four companies
Samsung Electronics shares trade at new record Samsung Electronics shares trade at new record
Samsung raided over probe into South Korea political scandal Samsung raided over probe into South Korea political scandal

Samsung Electronics Co. on Tuesday said it was considering splitting the company into two, a move seen as necessary for heir-apparent Lee Jae-Yong to take over the firm from his father.

Samsung has also come under pressure from foreign investors, including US hedgefund Elliott Management, to improve its corporate governance through the establishment of a holding company and to increase dividends for shareholders.

The move comes as the tech giant struggles to contain the fallout from a global recall of its Galaxy Note 7 smartphone prompted by exploding batteries.

Samsung said in a statement it would consider breaking the company into a holding firm and a producing and operating unit and would take at least six months to study the option.

ALSO READ: Samsung suffers worst decline in smartphone sales; iPhone 7 struggles

Analysts said a split would give Samsung Electronics` Vice Chairman Lee Jae-Yong a tighter grip on the company through a holding firm.

Elliott and other investors have urged Samsung to set up a holding company as a way to address its complicated layers of cross shareholdings with sister companies.

They also said the company should increase dividends for shareholders.

Samsung said it would increase per-share dividends by 36% this year to 28,500 won.

ALSO READ: Samsung Electronics third-quarter profit falls 30% after Note 7 failure

 

TAGS:
Samsung ElectronicsITGalaxy Note 7Lee Jae-YongCOMPANY SPLITElliott Management
Next Article

NEXT STORY: Reliance Jio crosses 50 million subscriber mark in 83 days

RELATED NEWS
Samsung suffers worst decline in smartphone sales; iPhone 7 struggles Samsung suffers worst decline in smartphone sales; iPhone 7 struggles
Samsung Electronics third-quarter profit falls 30% after Note 7 failure Samsung Electronics third-quarter profit falls 30% after Note 7 failure
Samsung Electronics sold shares in four companies Samsung Electronics sold shares in four companies
Samsung Electronics shares trade at new record Samsung Electronics shares trade at new record
Samsung raided over probe into South Korea political scandal Samsung raided over probe into South Korea political scandal

LATEST NEWS

Rs 10,000 turned into Rs 39 lakh; this super mutibagger surged 38,000%, should you buy?

You won't believe what Punjab National Bank has done to get its money back!

New devpt plan to aggravate Mumbai's infra woes: Experts

Delhi to Mumbai diesel price brings no relief from pain, stays at record high; check rates here

8 wealthsmith ideas to manage your money: From debt to emergency, what you must do

EPFO new members registration hits 4 month low in Feb as jobs creation slows down

West Bengal Assembly elections 2018: BJP beats Congress, CPM, turns No. 2 party behind Trinamool

AP EAMCET 2018 answer keys: Download at sche.ap.gov.in today; check response sheet and how to raise objection

BSE Odisha Matric Result 2018, HSC Orissa 10th Results, orissaresults.nic.in, www.bseodisha.nic.in to be declared today, 25th April 2018

Bharti Airtel share price rallies 5% post Q4 FY18 results; Nomura maintains buy

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Contact Us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • Amazon Prime Day
  • Income Tax
  • Bharti Airtel
  • NPA
  • Home Loan

Trending Topics

  • Farm Loans
  • 7th Pay Commission
  • Sanitary Pads
  • National Stock Exchange
  • GST

Follow us on

zeebiz
zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved