Samsung Electronics’ shareholder Shinhan Bank launches $2.1 billion share sale

SINGAPORE/SEOUL: Samsung Electronics shareholder Shinhan Bank launched a sale of about $2.1 billion worth ‌of ⁠shares in ⁠the South Korean company, according to a term sheet seen by Reuters on Wednesday.

Shinhan Bank is offering 15 million Samsung Electronics shares at between 204,395 won and ⁠208,605 won ‌each, representing a discount of 0.9% to 2.9% to ⁠the stock’s Wednesday close of 210,500 won, the term sheet showed.