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May 22, 2013 -- Updated January 03, 2013 13:14 HKT

Samsung PINK:SSNLF Chairman’s stock holdings + 32.5% in 2012


paul@livetradingnews.com
Posted on: Jan 3rd, 2013

Samsung PINK:SSNLF Chairman’s stock holdings + 32.5% in 2012

HYMLF

The value of stocks held by Samsung Electronics, KS:005930, Chairman Lee Kun-hee rose 32.5% last year thanks to rising prices in Samsung Electronics shares, a local source said Wednesday.

Stocks owned by Chairman Lee, including a 3.38% stake in Samsung Electronics, were valued at 11.65-T Won (US$10.98-B) as of 28 December, the last trading day of Y 2012, + 32.5% from a year earlier, according corporate information provided by www.Chaebol.com.

The increase was attributable to a surge in Samsung Electronics share prices that topped the 1.5-M Won mark to reach the record high. Shares in Samsung settled at a record closing high of 1,576,000 Won on Wednesday, + 3.5% from the previous session.

Chairman Lee retained his position as the richest stock holder in the country for the 3rd year running.

Lee’s wife Hong Ra-hee saw her stock holdings valued at 1.65-T Won as of 28 December, + 43.9% from a year before. She ranks 9th among stock-rich billionaires. The Chairman’s only son, Lee Jae-yong owned stocks worth 1.28-T Won, becoming the 13th-richest stock holder.

Hyundai Motor Group PINK:HYMLF, KS:06657011, Chairman Chung Mong-koo ranked 2nd with his stock holdings reaching 6.7-T Won as of 28 December He was followed by his son and Vice Chairman of Hyundai Motor Chung Eui- sun, whose stock holdings amounted to 3.05-T Won.











 

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 Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

 

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