Samsung Electronics, a South Korean company, has denied it is exploring a potential offering of American depositary receipts, multiple media outlets reported on Tuesday.

A Samsung representative said the company isn't reviewing the possibility of issuing ADRs, Bloomberg reported.

Bloomberg cited sources familiar with the matter, indicating that Samsung was in the early stages of examining a potential ADR offering but had not yet made a decision whether to proceed following preliminary discussions with banks. The discussions are still in the very early stages and may not result in a listing, the report said.

Samsung did not immediately respond to a request for comment from MT Newswires.

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