Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Event-Driven

<ul>
<li>A group of minority investors started to go activist on Hojeon (111110 KS), demanding that the company increase its treasury share buybacks/cancellations, dividends, and cut CEO's salary.</li>
<li><strong>This coalition of minority investors has threatened to sell their shares to a competitor (Hansae) if the company does not abide by their demands.</strong></li>
<li>Hojeon has attractive valuations and are trading at low multiples. It had P/E of 5x, EV/EBITDA of 3.4x, and P/B of 0.5x in 2023.</li>
</ul>


A group of minority investors started to go activist on Hojeon (111110 KS), demanding that the company increase its treasury share buybacks/cancellations, dividends, and cut CEO's salary.
This coalition of minority investors has threatened to sell their shares to a competitor (Hansae) if the company does not abide by their demands.
Hojeon has attractive valuations and are trading at low multiples. It had P/E of 5x, EV/EBITDA of 3.4x, and P/B of 0.5x in 2023.


Hojeon: Activist Minority Investors Threaten to Sell Their Shares to a Competitor in a Block Deal

South Korea

Hojeon Ltd. manufactures sportswear through Original Equipment Manufacturing (OEM) system for multi-national sports brands, such as Nike, Adidas and Under Armour.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
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Dividend (Yield)	0.00

Hojeon: Activist Minority Investors Threaten to Sell Their Shares to a Competitor in a Block Deal

A group of minority investors started to go activist on Hojeon and this coalition has threatened to sell their shares to a competitor in a block...

Douglas Kim