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Samsung executives investigated for insider trading

Dec. 04, 2015 4:45 AM ETBy: Yoel Minkoff, SA News Editor
  • South Korean regulators are investigating whether nine executives from Samsung, the country's largest conglomerate, used insider trading to profit illegally from the merger of two subsidiaries.
  • The executives are said to have bought bought 40B-50B won ($34.5M-$43.1M) worth of shares of a subsidiary, Cheil Industries, shortly before the plan to combine it with Samsung C&T was announced in May.
  • The merger was completed after shareholders voted in favor of it in July.

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