[Infostock Daily= Reporter An Hoe Hyun] KB Securities predicted that Samsung Group's governance change is inevitable after Samsung Group Chairman Lee Kun-hee died on the 25th, but any change will work positively for Samsung C&T shareholders. No separate investment opinion or target stock price was offered.
"In the market, there have been various ideas related to governance restructuring in mind since Chairman Lee Kun-hee's death," the company said, addign, "However, it will not be easy to visualize it early."
"Examples include selling its stake in Samsung BioLogics held by Samsung C&T, acquiring a stake in Samsung Electronics held by Samsung Life Insurance, dividing Samsung Electronics into investment division and business division, and merging the investment division with Samsung C&T," the company explained.
Also, "With Vice Chairman Lee Jae-yong the largest shareholder of Samsung C&T with a 17.3% stake, at least the possibility of a decision undermining the corporate value of Samsung C&T will be very low," the company said, adding, "Any type of change will be positive for Samsung C&T shareholders."
"It is difficult to predict what type of governance structure Samsung Group will attempt at this point in time," the company explained, adding, "Considering that heirs have to pay a total of 10.3 trillion won in inheritance tax, the possibility of future dividends is high."
Reporter An Hoe Hyun ahh@infostock.co.kr
