ETF Surge: Southern 2x Leveraged Samsung ETF Jumps 11% on Anticipated Shareholder Return Program
Stock News
Aug 21
The Southern 2x Leveraged Samsung Electronics ETF (07747) has surged over 11% in Thursday trading, climbing 10.83% to HK$90.08 with turnover reaching HK$1 billion.
According to reports, sources familiar with the matter indicate that Samsung Electronics Co., Ltd. plans to unveil a new shareholder return initiative today, potentially valued at up to 110 trillion Korean won (approximately $79 billion USD). The company's board is scheduled to convene after the Korean stock market closes, around 4:00 PM local time, with details of the program expected to be released shortly following the meeting. Insiders suggest the scale of this shareholder return plan is anticipated to fall between 90 trillion and 110 trillion Korean won.
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