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Written by Black Hot Fire Network on April 9, 2024
3 Hours Ago
CEO of Shilla Hotels reportedly sells $326 million worth of Samsung shares to cover inheritance tax
Lee Boo Jin, the CEO of South Korean hotel group Shilla Hotels, has sold about 5.2 million shares of electronics giant Samsung Electronics in a $326 million block sale, with the shares priced at 84,100 won apiece, according to Reuters.
A block sale is a large securities transaction at a negotiated price that tends to shield or lessen the impact of the sale on the price of the . . .
