💨 Abstract

Samsung Electronics plans to buy back shares worth 10 trillion won ($7.17 billion) over a year to boost shareholder value, following a drop in share prices. The company will cancel 50.14 million common shares and 6.91 million preferred shares in the next three months. This is Samsung's first share buyback since 2017.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖