High demand for Samsung Electronics block trade

The deal, which consisted of non-voting preference shares, was upsized by more than 40% and priced at the top of the range for a total deal size of $356 million.

High demand for Samsung Electronics block trade
Samsung’s ordinary shares have gained about 18% since they hit a 2013 low in early August.

An undisclosed institutional shareholder raised about W377.5 billion $356 million from the sale of preference shares in Samsung Electronics after the market closed on Thursday.

The deal, which came the day after the Korean manufacturer of semiconductors and consumer electronic products outlined its long-term strategy at an analyst day, was initially launched at a size of about $250 million. On the back of strong demand, it was later upsized by 40% to about $350 million...

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