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By Hyunjoo Jin and Joyce Lee
SEOUL (Reuters) – Samsung Electronic devices ended up being the biggest investor of South Korea’s Rainbow Robotics, the robotics business stated in a governing declaring on Tuesday.
Samsung, which had actually formerly bought the robotics business, freshly took a 267 billion won ($ 181 million) risk, the declaring stated.
With the procurement, Samsung is additionally developing a Future Robotics Workplace reporting straight to the chief executive officer, the technology titan stated in a different declaration.
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Before the bargain, Samsung Electronic devices was the second-biggest investor of Rainbow Robotics, holding a 14.71% risk, or regarding 2.85 million shares, in the business.
Formerly, the biggest investor was the company’s owner Oh Jun-ho and connected entities.
( Coverage by Joyce Lee and Hyunjoo Jin; Editing And Enhancing by Chris Reese)
