Samsung's retail investors seek extra shareholder meeting over buybacks, bonuses


FILE PHOTO: The logo of Samsung Electronics is seen at the technology company's store in Seoul, South Korea, April 15, 2025. REUTERS/Kim Hong-Ji/File Photo

SEOUL, Aug 4 (Reuters) - South Korean ⁠retail shareholder platform ACT said on Tuesday it had launched a ⁠campaign to call an extraordinary shareholders' meeting at Samsung Electronics, urging the ‌chipmaker to buy back about $32 billion worth of shares and set limits on performance bonuses.

ACT said it would begin collecting electronic signatures from shareholders at 5 p.m. local time and seek support ​from the National Pension Service and domestic and ⁠overseas asset managers to meet the ⁠3% ownership threshold required to call the meeting.

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