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Samsung's Lee siblings in reorganisation coup

Latest move helps them tighten their control over South Korea's Samsung Group
Friday, May 29, 2015 - 05:50
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Although some dilution will occur and Mr Lee's stake in the merged entity will fall, he will be able to control the company through holdings by his kin and other Samsung Group affiliates.

Seoul

LEE Jae Yong and his two sisters look like they just got quite a bargain in the latest move to tighten their control of South Korea's Samsung Group.

In a deal announced on Tuesday, Cheil Industries Inc, the group's de facto holding company, will buy out construction affiliate

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