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  "documentTitle": "Samsung Electronics Co., Ltd. (005930.KS)",
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  "authorName": "Elliott Management",
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  "presentationDate": "2016-10-05 00:00:00",
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  "notes": "The diagram highlights treasury stakes and cross-holdings that complicate the corporate structure.",
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      "text": "The Samsung group ownership structure is complicated by legacy treasury, circular and cross-shareholdings which create a significant drag on shareholder value",
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      "text": "The Samsung group ownership structure is complicated by legacy treasury, circular and cross-shareholdings which create a significant drag on shareholder value. The Lee family's relatively small direct shareholding in Samsung Electronics and the uncertainties around a possible restructuring of the Samsung group have also weighed down Samsung Electronics' share price",
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      "text": "Source: Company filings as of June 30, 2016. Notes: 1. Lee Family shareholdings include shareholdings held by Kun Hee Lee, Ra Hee Hong, Jae Yong Lee, Boo Jin Lee and Seo Hyun Lee. 2. Remaining treasury stake, assuming all treasury shares acquired in this financial year up to and including in 3Q 2016 are cancelled. 3. Pro forma for 8.02% stake in Samsung Securities held by Samsung Fire & Marine as announced by Samsung Life on August 18, 2016.",
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      "text": "1. SAMSUNG GROUP STRUCTURE IS UNNECESSARILY COMPLEX AND SUBJECT TO THE UNCERTAINTIES OF A POSSIBLE RESTRUCTURING",
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