Samsung Electronics trading to be halted for stock split

South Korean multinational electronics company Samsung Electronics said on Friday trading in its shares will be halted for three days between April 30 and May 3 for its planned stock split.

The split shares are expected to be listed on May 4, Samsung Electronics said in a regulatory filing. South Korea’s stock market will not be open on May 1, Reuters reports from Seoul.

Samsung Electronics, one of Asia’s most valuable stocks, announced a 50:1 stock split in January in a move that will make it easier for retail shareholders to hold Samsung shares.