APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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Research Reinvented

Equity Capital Markets

<p>The Hong family, specifically Hong Seok Hyun and Hong Ra Young, is selling 2.82m shares of <a href="https://www.smartkarma.com/entities/5876" target="_blank" data-smartkarma-citation="entities:5876:1">BGF Retail Co Ltd (027410 KS)</a>, worth approximately US$200m. Post deal, the Hong family will still hold 40.8% in the company.</p><p>The deal scores marginally positive on our framework owing to its hefty valuation relative to peers but offset by its strong price earnings momentum of late. Just about one week before this, the company announced that it will be splitting off its business into a holding company…</p>

The Hong family, specifically Hong Seok Hyun and Hong Ra Young, is selling 2.82m shares of BGF Retail Co Ltd (027410 KS), worth approximately US$200m. Post deal, the Hong family will still hold 40.8% in the company.The deal scores marginally positive on our framework owing to its hefty valuation relative to peers but offset by its strong price earnings momentum of late. Just about one week before this, the company announced that it will be splitting off its business into a holding company…

BGF Retail Placement - Complicating a Simple Structure

BGF Co Ltd

BGF Retail Placement - Complicating a Simple Structure