In today’s briefing:
- Appraisal Rights (& Possibly Preemptive Too) To Be Granted in an ECO in Korea
Appraisal Rights (& Possibly Preemptive Too) To Be Granted in an ECO in Korea
- The Korea FSC disclosed the policy agenda, which was presented to President Yoon. The implementation will likely be in the fourth quarter.
- The FSC stated that it would grant appraisal rights to the shareholders of a parent company in an ECO (equity carve-out).
- This rule will likely be applied to DB Hitek and Foosung. Hence, our trading setup targeting these ECO events will require more sophisticated modifications.
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