Samsung chairman to buy $1.4B in shares from his mother, The Next Web reports
The Next Web says Lee Jae-yong will buy 7.1 million shares from his mother, Hong Ra-hee, on October 12, 2026, as she repays loans taken to cover inheritance tax.
TLDR
The Next Web reports that Samsung chairman Lee Jae-yong is set to buy 7.1 million shares from his mother, Hong Ra-hee, on October 12, 2026. The publisher values the deal at 1.94 trillion won ($1.4 billion), representing 0.11% of Samsung. It says Hong is repaying loans taken to cover an $8 billion inheritance tax bill.
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