South Korean media: Samsung’s secret research on whether it can list in the US is feasible; the company previously denied related plans

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Mars Finance news: On July 15, according to Korean media outlet Bloter, an industry source said Samsung Electronics has begun internal research into various options for issuing ADRs in the United States and is working to evaluate the relevant operating procedures. Bloomberg reported on July 14 that Samsung Electronics had held preliminary discussions with multiple investment banks about listing in the U.S. via ADRs. Samsung Electronics said it was not considering listing in the U.S. market by issuing ADRs. However, market participants believe this denial by Samsung does not necessarily mean the possibility of issuing ADRs in the future has been completely ruled out. Although the company denied the plan, under instructions from management, the relevant business units have started assessing the potential costs and benefits and the procedures required for issuing ADRs. Semiconductor industry sources said on July 15 that the company’s management recently asked the relevant departments to study whether a feasible architecture could be designed to enable Samsung to issue ADRs. As part of the research, Samsung Electronics staff have been asking SK hynix, which has recently completed an ADR issuance and listed on Nasdaq, about its situation. (Jin Shi)
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