Samsung becomes largest shareholder of Rainbow Robotics

MG News | December 31, 2024 at 09:34 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 31, 2024 (MLN): Samsung Electronics has become the largest shareholder of South Korea's Rainbow Robotics, the robotics company said in a regulatory filing on Tuesday.

Samsung, which had previously invested in the robotics company, has newly acquired a 267 billion won ($181 million) stake, according to the filing.

Following the acquisition, Samsung is establishing a Future Robotics Office that will report directly to the CEO, the company said in a separate statement, as Reuters reported.

Prior to the deal, Samsung Electronics was the second-biggest shareholder of Rainbow Robotics, holding a 14.71% stake, or about 2.85mn shares, in the company.

Previously, the largest shareholder was the firm's founder Oh Jun-ho and associated entities.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,021.80 127.60M	-0.81% -1370.52
ALLSHR	101,556.94 354.31M	-0.67% -689.83
KSE30	49,991.48 75.67M	-0.94% -476.61
KMI30	238,953.80 53.22M	-0.89% -2154.95
KMIALLSHR	65,832.11 176.71M	-0.62% -413.39
BKTi	46,602.60 33.62M	-0.83% -389.71
OGTi	34,306.19 5.41M	-0.53% -182.74

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	75,920.00	76,145.00 75,140.00	-245.00 -0.32%
BRENT CRUDE	107.23	108.59 106.66	-1.52 -1.40%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	2.75 2.16%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	-0.50 -0.36%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	103.41	105.63 102.85	-2.42 -2.29%
SUGAR #11 WORLD	17.83	18.05 17.68	-0.11 -0.61%