Reuters: Hot Stocks: Samsung Elec shares hit life-time high after Lee's heir promoted

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Samsung Elec shares hit life-time high after Lee's heir promoted Dec 5th 2012, 02:54 SEOUL | Tue Dec 4, 2012 9:54pm EST SEOUL Dec 5 (Reuters) - Shares in Samsung Electronics extended gains to reach a life-time high of 1.447 million Korean won ($1,300) after the electronics giant promoted Jay Y. Lee, the son of its chairman and the anointed heir, to vice chairman on Wednesday. The world's biggest smartphone maker had previously peaked at 1.443 million won per share on Nov. 26. ($1 = 1083.4500 Korean won) (Reporting by Hyunjoo Jin; Editing by Paul Tait)

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