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Palliser presses Samsung, Hyundai on preferred shares

Started 14 Oct, 06:15 1 events Updated 4d ago
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  1. Economic14 Oct, 06:15

    Palliser presses Samsung, Hyundai on preferred shares

    Palliser Capital, a London-based activist investment fund, has urged Samsung Electronics and Hyundai Motor to reduce discounts on their preferred shares, arguing that the valuation gap represents more than $60 billion in potential value across South Korea's stock market. The fund also suggested Samsung consider issuing American depositary receipts, or ADRs, to help finance preferred share buybacks and cancellations. Speaking at the Sohn San Francisco Investment Conference on Tuesday, Palliser fo

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