Flashlight Capital Calls on Samsung to Put S-1 Stake Up for Open Auction

SINGAPORE–(BUSINESS WIRE)–Flashlight Capital Partners Pte. Ltd. (“Flashlight Capital”) today called on the five Samsung Group affiliates that together hold 20.6% of S-1 Corporation (KRX: 012750) (“S-1”) – Samsung SDI, Samsung Life Insurance, Samsung Fire & Marine Insurance, Samsung Card and Samsung Securities – to sell their stake through an open auction. On August 27 (KST), Flashlight Capital offered to acquire the affiliates’ entire holding of 7,815,656 shares at KRW116,000 per share, o

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