Samsung Electronics says sold shares in four companies


  • TECH
  • Monday, 19 Sep 2016

Reaching beyond its customers: Samsung is running beta tests in Korea to ensure compatibility with Apple phones.

SEOUL: Tech giant Samsung Electronics Co Ltd said on Sept 18 it sold shares in four companies, including ASML Holding NV and Seagate Technology Plc, to free up money for additional investments for its core businesses.

Samsung said in a statement it sold about half of its shares in ASML while selling its entire 4.2% stake in Seagate. The company also sold its 0.7% stake in Sharp Corp and its 4.5% stake in Rambus Inc.

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