Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li>On 21 August, SM Entertainment announced that it will sell its non-core assets including its controlling stakes in SK C&amp;C and KeyEast.</li>
<li>The combined sales amount could be about 110 billion won or more, representing 7% or more of SM Entertainment's market cap. </li>
<li>Sale of SM C&amp;C and KeyEast is likely to have a positive impact on SM Entertainment by selling its non-core assets and improving its balance sheet for higher shareholder returns.</li>
</ul>


On 21 August, SM Entertainment announced that it will sell its non-core assets including its controlling stakes in SK C&amp;C and KeyEast.
The combined sales amount could be about 110 billion won or more, representing 7% or more of SM Entertainment's market cap. 
Sale of SM C&amp;C and KeyEast is likely to have a positive impact on SM Entertainment by selling its non-core assets and improving its balance sheet for higher shareholder returns.


SM Entertainment: Disposal of Non Core Assets - SM C&C and KeyEast

South Korea

SM Culture & Contents Co., Ltd. develops, manufactures, and markets various golf balls and other golf related products.  Volvik mainly provides its products to Korea, the U.S., and Japan.

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Sm Culture & Contents (048550 KS)

SM Entertainment: Disposal of Non Core Assets - SM C&C and KeyEast

Sale of SM C&C and KeyEast is likely to have a positive impact on SM Entertainment by selling its non-core assets and improving its balance sheet...

Douglas Kim

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