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The Financial Express

Samsung Electronics trading to be halted for stock split

| Updated: March 20, 2018 10:35:39


Picture used for representational purpose only. Reuters/File Photo Picture used for representational purpose only. Reuters/File Photo

South Korean multinational electronics company 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, Reuters reports from Seoul.

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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