April 24, 2024

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[THE INVESTOR] The share price of top-cap Samsung Electronics would rank much lower after its stock split is completed, data showed on Feb. 2.

On the heels of record 2017 earnings driven by strong demand for chips, Samsung’s board of directors have announced a dramatic 50:1 stock split aimed at enhancing shareholders’ value and making the tech giant more accessible to investors.

The decision -- if endorsed at the company’s annual shareholders‘ meeting on March 23 -- would cut the face value of Samsung from 5,000 won (US$4.70) to 100 won, dramatically increasing the number of common shares to more than 6.41 billion from the current 128.3 million.

According to the Korea Exchange, Samsung’s share price finished at 2.491 million won on Feb. 1, meaning the price would be 49,820 won after the stock split.

That would be the 278th-highest share price among companies traded on the main KOSPI, secondary KOSDAQ and tertiary KONEX markets.

Samsung’s share price would rank 215th on the main bourse, 59th on the tech-heavy secondary market and sixth on the KONEX market.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)