Tech giant Samsung Electronics said on Sunday it sold shares in four companies including ASML Holding NV and Seagate Technology to free up money for additional investments for its core businesses.
Samsung said in a statement it sold about half of its shares in ASML while selling its entire 4.2% stake in Seagate. The company also sold its 0.7% stake in Sharp Corp and its 4.5% stake in Rambus Inc.
A Samsung spokeswoman told Reuters the total proceeds from the sales exceeded 1 trillion won ($888.85 million) but declined to give further details including when the shares were sold.
