Samsung Electronics Plans $59bn Share Buyback

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Samsung Electronics plans a share buyback programme worth about 90 trillion ​won ($58.61 billion) after agreeing to give stock bonuses to employees in recent wage talks, Reuters reported on Wednesday, quoting ‌the Yonhap News Agency.

The plan has sent shares of the South Korean chip giant up more than 6%.

The memory-chip maker may soon announce details on the ​plan, Yonhap said, citing…

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