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

Samsung C&T Shareholder Return: Directly Related to Lee Family's Inheritax Tax Issue

Discussing the Timing of the Samsung SDS Block Deal by Lee Seo-Hyun

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

Clepsydra Capital

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

Event-Driven

<ul>
<li>The family devoted all their efforts to maintaining 33.4% of voting shares in Samsung C&amp;T, a level that can block a special resolution at the general shareholders' meeting.</li>
<li>The most likely scenario being speculated by the market at this point is to touch both Samsung C&amp;T and Samsung SDS. However, the C&amp;T stake sale is to be minimized. </li>
<li>The possibility currently circulating in the local market is that she has 0.40% (Hana Sec) and 0.62% (Hana Bank), which currently have the highest interest burden, on the table.</li>
</ul>


The family devoted all their efforts to maintaining 33.4% of voting shares in Samsung C&amp;T, a level that can block a special resolution at the general shareholders' meeting.
The most likely scenario being speculated by the market at this point is to touch both Samsung C&amp;T and Samsung SDS. However, the C&amp;T stake sale is to be minimized. 
The possibility currently circulating in the local market is that she has 0.40% (Hana Sec) and 0.62% (Hana Bank), which currently have the highest interest burden, on the table.


Both C&T & SDS Are Still on the Table for Block Deals by Lee Seo-Hyun, Here's Why