Palliser Capital urged Samsung Electronics to issue U.S. depositary receipts (ADRs) at a premium and use proceeds to repurchase and cancel non‑voting preferred shares. Palliser founder and CIO James Smith said the preferreds' discount is a neglected corporate‑governance and capital‑allocation distortion and that addressing it would boost capital efficiency, unlock cross‑class value and strengthen credibility of Korea's market reforms. Samsung's preferreds trade at more than a 20% discount to ord

Palliser Capital urged Samsung Electronics to issue U.S. depositary receipts (ADRs) at a premium and use proceeds to repurchase and cancel non‑voting preferred shares. Palliser founder and CIO James Smith said the preferreds' discount is a neglected corporate‑governance and capital‑allocation distortion and that addressing it would boost capital efficiency, unlock cross‑class value and strengthen credibility of Korea's market reforms. Samsung's preferreds trade at more than a 20% discount to ordinary stock in Korea. The gap has returned to focus since Samsung's record shareholder‑return plan in August, but any repurchase details remain under board discussion.