Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

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Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>The Korea FSC disclosed the policy agenda, which was presented to President Yoon. The implementation will likely be in the fourth quarter.</li>
<li>The FSC stated that it would grant appraisal rights to the shareholders of a parent company in an ECO (equity carve-out).</li>
<li>This rule will likely be applied to DB Hitek and Foosung. Hence, our trading setup targeting these ECO events will require more sophisticated modifications.</li>
</ul>


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.


Appraisal Rights (& Possibly Preemptive Too) To Be Granted in an ECO in Korea

Foosung Co Ltd

Appraisal Rights (& Possibly Preemptive Too) To Be Granted in an ECO in Korea