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A Samsung Group family member has sold about 3.1 trillion won ($2.1 billion) in Samsung Electronics Co.
Hong Ra-hee sold about $2.1 billion in Samsung Electronics shares.
KEY POINTS
- This is one of the largest share offerings in South Korea's history.
- The sale was conducted to cover inheritance-tax and loan repayment obligations.
- A January regulatory filing revealed plans to dispose of 15 million shares.
COMPANIES
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