Samsung Electronics family to sell $1.2 bln stake amid share rally

Core Viewpoint - The mother and two sisters of Samsung Electronics Chairman Jay Y. Lee are planning to sell shares worth approximately 1.73 trillion won ($1.22 billion) in the company, as disclosed by the firm to regulators [1]. Company Summary - The planned sale involves a significant amount of shares, indicating a potential shift in ownership dynamics within Samsung Electronics [1]. - The total value of the shares being sold is equivalent to about 1.22 billion dollars, highlighting the scale of the transaction [1].