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.