Samsung Electronics to initiate USD 1.7 billion share buyback for employee rewards

Seoul [South Korea], January 8 (ANI): Samsung Electronics Co. announced on Wednesday its decision to purchase treasury shares worth approximately 2.5 trillion won (USD 1.72 billion). The technology giant intends to utilize these shares for employee stock-based compensation programs. This move follows a board meeting where the company finalized plans to buy back a total of 18 million shares between January 8 and April 7.