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

FSS Briefing on Korea Zinc: Likely to Retract Rights Offering; Set up Trades for Passive Outflows

Clearing up the FSS's Authority on Capital Increases in Korea: Korea Zinc & Kum Yang

Korea Zinc's Buyback Results and Price Actions from Potential Sale of 9.85% Treasury to ESOP

Korea Zinc’s Buyback Likely Hit Half Target—Watch for Next Moves

A More Logical Take on Today’s Price Action for Korea Zinc and YPP

Clepsydra Capital

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

Event-Driven

<ul>
<li>A unique clause caps any single subscriber, including related parties, to 3% of the total issuance, or 111,979 shares, limiting MBK and Choi’s camp.</li>
<li>While there are legal risks regarding breach of duty, the capital raise is solid and unlikely to face immediate shutdown despite potential court challenges from MBK.</li>
<li>There are trading opportunities as 20% of shares are newly issued, potentially opening the door for MBK's tender offer and attracting new shareholders, including arb hunters.</li>
</ul>


A unique clause caps any single subscriber, including related parties, to 3% of the total issuance, or 111,979 shares, limiting MBK and Choi’s camp.
While there are legal risks regarding breach of duty, the capital raise is solid and unlikely to face immediate shutdown despite potential court challenges from MBK.
There are trading opportunities as 20% of shares are newly issued, potentially opening the door for MBK's tender offer and attracting new shareholders, including arb hunters.


Breaking Down the Details of Korea Zinc’s Shocking Capital Raise