SAM­SUNG CON­SID­ERS SPLIT­TING INTO TWO

The Sun (Malaysia) - - SUNBIZ -

SEOUL: Sam­sung Elec­tron­ics Co yes­ter­day said it was con­sid­er­ing split­ting the com­pany into two, a move seen as nec­es­sary for heirap­par­ent Lee Jae-Yong to take over the firm from his fa­ther. Sam­sung has also come un­der pres­sure from for­eign in­vestors, in­clud­ing US hedge fund 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. – AFP

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