<Anchor> The

prosecution investigation and deliberation committee for Samsung Electronics vice chairman Jae-yong Lee, accused of illegally succeeding to management, is held on the 26th. A fierce workshop is expected to see if it's right to pass the trial, but one of the key issues is the suspicion that Samsung has manipulated the stock price, that is, the manipulation of the market price. In this regard, we will tell you in detail what we have covered alone.

For the merger of Cheil Industries and Samsung C&T, the prosecution caught the situation that Samsung illegally managed the stock prices of the two companies through Samsung Securities. It is known that prosecutors secured text messages exchanged between Cheil Industries and Samsung Securities to manage share prices.

First, it is a report by Kang Cheong-wan.

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Ahead of the merger between Cheil Industries and Samsung C&T in 2015, the key question was whether the two shareholders would exercise the right to buy shares.

The right to buy stocks is the right of the shareholders who oppose the merger to sell the shares to the company at a specified price, because the merger may be canceled if the total number of shares to be sold exceeds 1.5 trillion won.

At the time, the purchase price of shares was 15,493,300 won per week for Cheil Industries and 5,234 won for Samsung C&T.

If the share price falls below this, the likelihood of shareholders exercising their claims increases.

The prosecution seized the document titled'the stock price management plan to prevent the exercise of the right to buy stocks' in the Samsung Future Strategy Office, and caught the situation where Samsung illegally managed the stock prices of the two companies.

It is known that this document contained the fact that Samsung Securities, a subsidiary, tried to defend the stock price through high-priced purchase orders.

At the end of July 2015, shortly after the merger resolution, an official from the Samsung side sent a text message saying'I wish the best stock price to be kept at 170,000 won' to Samsung Securities officials, and a text message prosecutor who responded'I will try to watch over 170,000 won' This is said to have been secured.


Actually, Cheil Industries and Samsung C&T's share price plunged to 170,000 won and 57,000 won on August 6, after the stock purchase period ended, and then plunged to 130,000 won and 40,000 won in two weeks.

Prosecutors say these circumstances support the charges of market manipulation such as Vice Chairman Jae-Yong Lee.

In fact, it was reported that Samsung did not properly answer the question of the warrant, "Is it also part of the corporate restructuring that I placed an order to buy a high price?"

In response, Samsung claimed that the suspicion that Vice Chairman Lee and Samsung Securities had intervened was true.

(Video editing: Junhee Kim)