Samsung Chair’s Family to Sell $1.2 Billion Stake Amid Stock Surge
The family of Samsung Electronics Chairman Jay Y. Lee plans to sell part of its stake in the company following a strong rally in the share price. The sale is estimated to be worth about $1.2 billion (1.73 trillion won). According to filings, the family will sell around 17.7 million shares, equal to roughly 0.3%…