Samsung continues restructuring ahead of expected leadership succession

• Just a day after it was revealed that Samsung Electronics (OTC:SSNLF, OTC:SSNGY) is planning a major management shake-up next month, Samsung has announced that it will sell controlling stakes in its chemical and defense units for 1.9T won ($1.7B).
• Samsung affiliates, including Samsung Electronics, will sell a combined 57.6% stake in Samsung General Chemicals and a 32.4% stake in Samsung Techwin to Korean conglomerate Hanwha Group.
• Update: Samsung will buy back shares valued at 2.19T won ($2B) following the sale.