The company plunged more than 10 per cent on Friday and Monday after it urged global consumers to stop using its flagship Galaxy Note 7 owing to a spate of exploding batteries.That was followed by a similar call from US regulators, while airlines and air safety agencies around the world have warned passengers against using them on flights.However, soon after the end of trade in Seoul on Monday, Samsung and computer maker HP announced the sale of the printer business. Samsung ended up 4.23 per cent at 1.527 million won Tuesday. "The printing business was never a plus factor to Samsung’s market value due to its slumping sales and low profit," said Lee Seung-Woo, an analyst at IBK Investment Securities. Lee.Recent health problems concerning the senior Lee, currently bedridden after suffering a heart attack in 2014, have prompted the business to step up these efforts.The Samsung Electronics board proposed a plan Monday to nominate J.Y. Lee as a new board member.- AFP

Source: The Nation Bangkok September 13, 2016 08:26 UTC