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Samsung Stock Shake-Up: US Listing Urged
14 Oct
Summary
- Investor urges Samsung Electronics to list shares in the US.
- Proposed US listing proceeds should buy back preferred stock.
- Company urged to address discount on non-voting preferred shares.
Palliser Capital has formally requested Samsung Electronics to consider a listing of its shares on a US stock exchange. The investment firm believes such a move would significantly benefit the company and its shareholders.
Specifically, Palliser Capital proposes that Samsung should utilize the capital raised from the American depositary receipts (ADRs) to buy back its outstanding preferred stock. This action is intended to directly address the current market discount observed on these preferred securities, which currently lack voting rights.
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