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

Young Poong Precision (036560 KS) Also Now Trading Through Terms

Korea Zinc's Latest Shareholder Roll & MBK's Triggers to Sweeten Tender Price

Why MBK's Move into Local Hostile Takeover Scene Matters: Focus on SK Inc and Lotte Corp

Main Takeaways from Today’s MBK Press Briefing About the Korea Zinc Tender

Trading Insights from Today’s Dramatic Developments in the Korea Zinc Event

Insights on the Odds of MBK Ramping up the Tender Price by 20%

Clepsydra Capital

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

Event-Driven

<ul>
<li>The key issue is if KIS can form a consortium. PEFs are saying the timeline is too tight and are concerned about the unclear exit strategy.</li>
<li>To make this work, PEFs need Choi's 15.65% Korea Zinc stake as collateral, but much of it is already tied up, limiting cash-raising potential.</li>
<li>They’ll likely continue to leak news to boost the price and buy time. But this will also push MBK to sweeten their offer sooner.</li>
</ul>


The key issue is if KIS can form a consortium. PEFs are saying the timeline is too tight and are concerned about the unclear exit strategy.
To make this work, PEFs need Choi's 15.65% Korea Zinc stake as collateral, but much of it is already tied up, limiting cash-raising potential.
They’ll likely continue to leak news to boost the price and buy time. But this will also push MBK to sweeten their offer sooner.


Korea Investment Holdings Co, Ltd. (071050 KS)

Digging into the News Flow on KIS Jumping in as the White Knight for Choi in the Korea Zinc Deal