Samsung Electro-Mechanics to sell stake in affiliate SDS listing

SEOUL (Reuters) - Samsung Electro-Mechanics Co Ltd will sell its entire 7.9 percent stake in affiliate Samsung SDS Co Ltd when the latter lists later this year, Samsung Electro-Mechanics said on Friday. Samsung Electro-Mechanics said in a regulatory filing it will sell all 6,099,604 shares it owns in SDS, although the number may be subject to change. Samsung SDS, expected to list in November, is seen submitting a range of around 150,000 to 190,000 won per share to regulators when it files for the listing next week, a source with direct knowledge of the matter told Reuters. ...



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