Samsung Electronics held a meeting in at a luxury hotel in Seoul to encourage investors to buy their stock. However, some of them expressed discontent at the cash and perks offered by the tech giant. This was according to a report published by The New York Times.

The top smartphone maker in the world said it would double its dividend and start spending more on acquisitions. It also expressed its interest in a stock listing in the US using American depositary receipts. These moves were designed to up the stock price which went down this summer on doubts about the smartphone business, the report explained.

Chief financial officer Lee Sang-Hoon said they will focus more on direct shareholder returns and growth strategies. Still, some investors felt that the company's offers were too small considering the USD50 billion it had right now. Samsung's stock price went down 2.3% that day, the report said.

The giant phone maker has been largely conservative with its investment plans and relied mostly on internal sources rather than deals for growth. But this time, Samsung said it would start to shift its focus to mergers and acquisitions, The New York Times reported.