Although the exact date of the halting of shares is yet to be disclosed by Samsung Electronics, on Monday, at South Korea’s Kospi index, the conglomerate accounted for nearly 20% of the index’s market capitalization.
On Monday, South Korea’s stock exchange stated, trading in Samsung Electronics Co Ltd’s shares, Asia’s fourth most valuable stock, will be stopped for 3 days before the stock is split.
In January 2018, Samsung Electronics had announced that its stock would split 50:1 in a move designed to ease retailers holding its shares.
The exact date of halting of its shares is yet to be disclosed and will be announced by Samsung Electronics.
Previously, in a regulatory filing the conglomerate had said that it expects the newly split shares to be listed on May 16, 2018.
Further South Korea’s stock exchange said, the halt in trading of its shares, is to be shorter than the recent average of 15 days. This is to minimize the impact to investors’ liquidity.