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Last updated: March 24th, 2017 at 09:38 UTC+01:00
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Reports suggest that this is likely going to hurt investor sentiment for some time who were hoping that the ongoing review of the company's organization will lead to Samsung going for a split. Samsung continued to study the proposal even though it's going through a leadership crisis as its leader is currently behind bars.
Without going into too much detail, Kwon said that “There are negative effects that would arise from transitioning to a holding company so it does not appear it will be easy to do so at present.” The review isn't over, though, but Samsung has confirmed now that a transition is not going to be swift and it's not going to happen in the near future.
Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.
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