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[Alpha Biz=(Chicago) Reporter Kim Jisun] DS Investment & Securities predicts that Samsung Electronics will purchase or retire treasury stocks worth more than 30 trillion won in order to secure a stake in the inheritance tax payment of the family.
"Samsung Electronics' purchase and incineration of treasury shares, which is expected after recovering the memory semiconductor business and improving profits in the future, is more than 30 trillion won," DS Investment & Securities said in a report on the 27th.
The background of Samsung Electronics' purchase and retirement of treasury shares is based on the move of Samsung's family, which signed a contract to sell stakes in Samsung affiliates, including Samsung Electronics, to prepare for the fourth inheritance tax payment at the end of last month. Samsung's family will pay the inheritance tax in six installments over five years from 2021, and the inheritance tax to be paid by the bereaved families of Samsung Group's former chairman Lee Kun-hee is estimated to be more than 12 trillion won.
DS Investment & Securities added, "The purchase and retire of treasury stocks to restore the total family's stake in Samsung Electronics to 5.45% is about 37.5 trillion won."
In response, DS Investment & Securities predicted that Samsung C&T will benefit from the purchase and retire of inheritance taxes paid by Samsung's family, with Hotel Shilla CEO Lee Boo-jin signing a trust contract for the sale of a 0.65% stake in Samsung C&T to prepare for the fourth inheritance tax payment.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
