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Samsung Group and Minority Shareholders Have Conflict over Old Share Purchase at Dowoo Insys
 
Over the last two months, Samsung Venture Investment bought 15b won of Dowoo Insys shares from minority shareholders at 21,000 won per share. Samsung Display became the largest shareholder in Dowoo Insys in late 2019, with a 52.5% of the shares. Dowoo Insys will not go public with Samsung Display having the largest stake, and minority shareholders are prevented from recouping their investment The shareholders claimed that only certain shareholders could sell their shares to Samsung Display as Samsung Venture Investment closed on their purchase. The company’s sales and net loss were 53.98 billion won and 657 million won respectively in 2020 and the current share price of 21,000 won is close to the price at the time when Samsung Display took over Dowoo Insys in late 2019. But with the growth of the foldable market minority shareholders expect strong profit and revenue growth which would have caused the stock price to soar if it was publicly held.