Reuters logo
Samsung Electro-Mechanics says exiting more non-core businesses
July 14, 2015 / 4:27 AM / 2 years ago

Samsung Electro-Mechanics says exiting more non-core businesses

SEOUL, July 14 (Reuters) - South Korea’s Samsung Electro-Mechanics Co Ltd said on Tuesday that it will exit more non-core businesses, such as the manufacturing of modules to regulate supply of power to electronics devices, as it seeks to narrow the company’s focus.

Samsung Electro-Mechanics, in a regulatory filing, said staff working in the respective product lines - including tuner modules that receive broadcast signals for TVs and set top boxes, and electronic tags displaying product information and pricing - will become shareholders of a new holding firm and take control of operations.

Samsung Electro-Mechanics, which last month said it will sell its hard disk drive motor assets, will take a minority stake in the new holding firm, a company spokesman said without providing further details. (Reporting by Se Young Lee; Editing by Kenneth Maxwell)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below