Samsung chief to receive W2.6tr stake from his mother

What happened: Samsung Electronics Chairman Lee Jae-yong will receive 11.16 million company shares from his mother, Hong Ra-hee, a 0.17 percent stake, per a regulatory filing. The transfer is scheduled for Nov. 12. Key numbers: Shares valued at about 2.6 trillion won ($1.8 billion) based on Tuesday's 232,000 won close. Why it matters: Industry officials expect limited market impact since the transfers are within the controlling family with small ownership changes. The shares will increase Lee's direct holdings and further strengthen his control over the group.

Samsung Electronics Chairman Lee Jae-yong will receive 11.16 million company shares from his mother, Hong Ra-hee, a 0.17 percent stake, per a regulatory filing. The transfer is scheduled for Nov. 12.

Industry officials expect limited market impact since the transfers are within the controlling family with small ownership changes. The shares will increase Lee's direct holdings and further strengthen his control over the group.