Samsung Life completes accelerated placement

Shareholders take advantage of positive sentiment towards South Korean stocks to divest stake in the insurance firm.
April 22, 2014

Four of Samsung Life Insurance's shareholders raised 311.9 billion won ($300 million) via an accelerated secondary share offering late Tuesday in Hong Kong. Samsung Electro-Mechanics, Samsung Fine Chemicals, Samsung SDS and Cheil Worldwide sold 3.3 million secondary shares, or 1.64% of the existing share capital.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles

Hayfin opens Seoul office

Former UBS executive Sijin Choi will lead the London-headquartered asset manager's office in Yeouido.
October 04, 2026

SoftBank’s PayPay to buy T&D Holdings' life insurer for $840m

The Japanese digital payments platform is acquiring a 70.2% stake in T&D Holdings’ life insurance unit, marking its push into life insurance as it expands beyond payments, cards, banking and securities. One Investment Management is also part of the deal.
June 09, 2026

Korea Life raises $1.56 billion from IPO

The deal is priced below the initial range even though the withdrawal of AIA's planned IPO is said to have resulted in increased interest for the Korean life insurer.
March 07, 2010

ING Life: MBK has high hopes for IPO

Is the private equity-owned group offering a compelling enough story to tempt investors back to a sector which has been on a downswing for well over a year?
April 03, 2017