Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following sectors:
- Technology (E-commerce, SaaS, Internet)
- Consumer 
- Special Situations/Deep Value Plays
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Hankook Tire & Technology: M&A of Hanon System Falling Apart?

Kumho Petrochem: Share Buyback, Cancellations, & Higher Dividends

Korea M&A Spotlight - Who Will Acquire Kumho Tire?

Hankook Tire & Technology to Become the Controlling Shareholder of Hanon Systems

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Douglas Research Advisory

Event-Driven

<ul>
<li>Woori Bank completed a block deal sale of 11 million shares of Kumho Tire Co (073240 KS) (3.83% of outstanding shares) on 18 July. </li>
<li>After the recent sales by Woori Bank and the Export-Import Bank of Korea, the creditors' stakes in Kumho Tire has been reduced to 19.17%.</li>
<li><em><strong>Despite Kumho Tire's recent improvement in financial performance, we are more concerned about the additional stake sale by the financial institutions that still own 19.2% stake in the company.  </strong></em></li>
</ul>


Woori Bank completed a block deal sale of 11 million shares of Kumho Tire Co (073240 KS) (3.83% of outstanding shares) on 18 July. 
After the recent sales by Woori Bank and the Export-Import Bank of Korea, the creditors' stakes in Kumho Tire has been reduced to 19.17%.
Despite Kumho Tire's recent improvement in financial performance, we are more concerned about the additional stake sale by the financial institutions that still own 19.2% stake in the company.  


Block Deal Sale of Kumho Tire: More Shares Likely to Be Sold by Creditors