The nation's anti-trust chief has been outspoken about the need for Samsung to "correct" its corporate structure by ending the
cross-holding ownership system
It is part of the group's move to bring down
cross-holding among group companies and also exit non-core businesses by restructuring investment portfolios.
This repurchase and cancellation will eliminate the
cross-holding of shares of the Listed Entity by Solutions and is taking place in advance of a capital raising by ADAMA.
After Tata Steel, the highest
cross-holding is by Tata Power: A 4.7 per cent stake in Tata Communications valued at Rs 988 crore.
Paris: French auto group Renault is looking at ways of cooperating with Japanese firm Mitsubishi Motors which would fall short of a
cross-holding of capital, the newspaper Le Figaro reported on Friday.
The CEO reminded that the two entities have agreed to cooperate through closer collaboration and a
cross-holding of 8%.
Mr Griffin has dismissed claims he wants a white-only military, but admitted that the Victoria
Cross-holding black corporal, Johnson Beharry, would not be allowed to join the BNP.
This will make NBS an affil of Fuji TV and end the unbalanced
cross-holding that meant the much smaller radio web had a controlling share in the giant Fuji TV, one of Fujisankei's core holdings.
Yet amid the obvious unwinding of these
cross-holding relationships, management of poorly managed companies continue to wonder why the company's stock prices are so depressed, why analysts never come to visit them anymore, or why both domestic and foreign individual investors have dropped their stock from their portfolios.
He said: ``The inflated levels of gearing and
cross-holding in the sector of the market created a dangerous cocktail which the falling market exposed.''
SPRON sold 12% of Kaupthing to Meidur, increasing Meidur's
cross-holding in Kaupthing to 21%, Reuters reported.
Two Caribbean newspapers have agreed to increase their
cross-holding of shares in each other.
