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Samsung Electronics urges shareholders to use electronic voting for AGM amid coronavirus – Source Reuters Tech News

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji

SEOUL (Reuters) – Technology giant Samsung Electronics has adopted electronic voting for the first time ever for this year’s annual general meeting (AGM) on March 18, urging shareholders to use it to help curb the spread of coronavirus.

Samsung’s AGM is taking place at a convention center in Suwon, about 30 km (18 miles) south of Seoul, with a capacity of about 3,000 people according to the center website. Samsung’s investor relations website on Monday urged shareholders to take advantage of the chance to vote via the internet up to March 17.

The company conducted a 1-to-50 stock split in 2018, leading to a massive increase in shareholder numbers.

In what is the second-largest outbreak in Asia after China, South Korea reported 74 new coronavirus infections on Monday, bringing the country’s total to 8,236.

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Source Reuters Tech News

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