Cheil Samsung sells Device Mode focus on electronics

Cheil Industries Inc ,Hermes birkin 25 a subsidiary of big business conglomerate Samsung Group in South Korea said it would be his fashion company to sell unlisted Samsung Everland come to a strategic shift to focus on electronic material. The ? 1050000000000 ( $ 968.6 million ) sale of assets comes as Samsung Group plans to strengthen its grip on electronic components and materials, and facilitate access to the latest technologies , such as the changing global rivals such as Apple Inc rapidly mobile industry . Cheil Industries - began as a textile company in 1954 before expanding into the fashion world in the 1980s and later in the materials of the electronic - has seen its fortunes increasingly on the linked IT industry, especially thanks to its supply contracts with Samsung Electronics Electronics Co Ltd and subsidiaries. His fashion company generated 30 percent of total sales last year , the rest of electronic materials and chemicals operations. Cheil Industries manufactures electronic components used in smartphones such as flat-screen films and polycarbonate.Hermes birkin 30 In other companies, Samsung , OLED has recently acquired German company Novaled commodity at € 260 million ( ￡ 219.17 million ) deal . The fashion industry Cheil will add to its portfolio of Samsung Everland theme parks, catering services and construction management services . With only ? 3050000000000 sales Samsung Everland , the de facto holding company of Samsung Group , as it remains at the top of the structure of the complex cross-shareholdings of the Samsung Group . Its main shareholder is Samsung Electronics Vice President Jay Y. Lee, the only son of the president of the company, Lee Kun - hee. The Lee family owns nearly 50 percent of the farm and the rest is held by the Samsung Group . Hermes birkin 35 After the announcement, shares rose 4.8 percent to Cheil three- month highs .