Samsung Life to split shares ahead of 2010 IPO

SEOUL | Tue Dec 1, 2009 8:36pm EST

SEOUL Dec 2 (Reuters) - South Korea's top life insurer Samsung Life Insurance, which is preparing for a 2010 IPO, said on Wednesday it would split its shares at a ratio of one to 10, to help spur trading once they were listed.

Following the split, the number of outstanding shares of Samsung Life would increase to 200 million from 20 million, it said in a statement. (Reporting by Rhee So-eui and Cheon Jong-woo; Editing by Jonathan Hopfner) ((soeui.rhee@thomsonreuters.com; +82 2 3704 5650; Reuters Messaging: soeui.rhee.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))
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