Trading in Samsung Electronics to be halted April 30-May 3 for stock split - BusinessGhana

Trading in Samsung Electronics to be halted April 30-May 3 for stock split

19th Mar 2018 | Source: reuters.com

The logo of Samsung Electronics is seen at its office building in Seoul, South Korea South Korea, October 11, 2017. Picture taken on October 11, 2017.

Samsung Electronics said on Friday trading in its shares will be halted for three days between April 30 and May 3 for its planned stock split.

The split shares are expected to be listed on May 4, Samsung Electronics said in a regulatory filing. South Korea’s stock market will not be open on May 1.

Samsung Electronics, one of Asia’s most valuable stocks, announced a 50:1 stock split in January in a move that will make it easier for retail shareholders to hold Samsung shares.

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