HedgeCo.Net — Palliser Capital said it increased its stake in WUS Printed Circuit Co., Ltd. (2316 TT) to more than 5% after several months of constructive engagement with management, according to a September 9 Business Wire statement. Palliser reiterated themes from its June 15, 2026 presentation arguing WUS Taiwan is an undervalued AI PCB platform whose 11.3% stake in WUS Printed Circuit (Kunshan) (002463 CH) is worth more than three times WUS Taiwan’s market capitalization on Palliser’s methodology—about $3.9 billion for the Kunshan holding in the firm’s stated framing.
Bloomberg reported on September 10 that Palliser raised its WUS stake while hunting Taiwan and Japan names poised to benefit from AI, quoting founder and CIO James Smith that Taiwan is among the firm’s most attractive markets and that the team already has “a couple” of new targets in mind. Palliser said it wants stronger IR and disclosure, capital-structure optimization, a faster standalone turnaround leveraging AI PCB synergies with Kunshan, and market recognition of the Kunshan stake’s intrinsic value.
This is an activist stake update and engagement note, not a tender or board seat win. Treat the >5% stake, the Kunshan 11.3% / ~$3.9 billion Palliser estimate, and Bloomberg’s Taiwan/Japan AI-hunt framing as sourced. Do not invent a privatization timeline, a NAV discount percentage as today’s fresh disclosure, or board representation. The allocator object is event-driven public equity activism in Asia AI hardware supply chains.