Samsung chief Lee to buy W1.94tr stake from his mother

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Samsung Electronics Chairman Lee Jae-yong plans to buy 7.19 million shares in the chipmaker from his mother, Hong Ra-hee, in a 1.94 trillion won ($1.45 billion) off-market transaction that will increase his direct stake in the company. According to a Samsung Electronics regulatory filing Wednesday, Lee is scheduled to acquire 7,188,793 common shares from Hong, honorary director of the Leeum Museum of Art, on Oct. 12. The planned price is 269,500 won per share, based on Samsung Electronics' Sept.

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