SEOUL -- Samsung Electronics on Friday signaled it wants to hold off on shifting to a holding company structure, dashing investors' expectations for a change many believe would boost the top smartphone maker's market value.
"As we expect negative effects from the transition to a holding company, it seems the change will not be realized" for now, CEO Kwon Oh-hyun told a general shareholders meeting. Calling the transformation a "very important decision," he said the company is still "reviewing a wide range of aspects, including legal and tax issues."
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our
to learn how you can update your cookie settings.