In today’s briefing:
- Elder Brother Cho Hyun-Sik Joins Hands With MBK Partners to Tender Offer Hankook & Co. Shares
- Alpha Generation Through Share Buybacks in Korea: October & November 2023
Elder Brother Cho Hyun-Sik Joins Hands With MBK Partners to Tender Offer Hankook & Co. Shares
- Cho Hyun-Sik has joined hands with MBK Partners to make a tender offer for shares of Hankook & Co for a minimum of 20.35% and maximum of 27.32% stake.
- The tender offer price is 20,000 won which is 18.9% higher than the closing price of 16,820 won on Monday.
- Chairman Cho Hyun-Bum may try to find a strategic ally to launch his own tender offer of Hankook & Co shares at even higher tender offer price than 20,000 won.
Alpha Generation Through Share Buybacks in Korea: October & November 2023
- In this insight, we discuss the alpha generation through companies that announced share buybacks in Korea in October and November 2023.
- We provide a list of 24 stocks in the Korean stock market that have announced share buyback programs in October and November 2023.
- The top five market cap stocks that have announced share repurchases include Celltrion Inc, Celltrion Healthcare, Shinhan Financial, Amore Pacific Corp, and Mirae Asset Securities.
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