In today’s briefing:
- Investigating Float Rate Issues of Ecopro Materials & Doosan Robotics for Global Index Feb Review
- MBK Partners Raises Tender Offer Price of Hankook and Co to 24,000 Won
Investigating Float Rate Issues of Ecopro Materials & Doosan Robotics for Global Index Feb Review
- With recent surges in EcoPro Materials and Doosan Robotics, it’s crucial for their potential inclusion in the February Global Index review. No other names approach the threshold.
- Depending on classification, Ecopro Materials may get a free-float rate from 15% to 20%, while Doosan Robotics may receive a rate from 20% to 30%.
- With max free-float rates (20% and 30%), both meet Cutoffs. At minimum rates, Doosan Robotics needs over a 20% increase, while Ecopro Materials slightly exceeds Cutoffs.
MBK Partners Raises Tender Offer Price of Hankook and Co to 24,000 Won
- After market close on 15 December, MBK Partners raised the tender offer price of Hankook & Company by 20% to 24,000 won, which is now 51.4% higher than current price.
- With Cho Yang-Rae’s recent acquisition of shares, Cho Hyun-beom, Cho Yang-rae, and related parties now own about 45.6% of Hankook & Co, up from 42.9% previously.
- MBK Partners has requested an official investigation by the FSS, claiming that Cho Yang-rae and HY have violated the Capital Markets Act by recently purchasing shares of Hankook & Co.
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