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

DL Holdings with Recent Tender's Increased Shares: Index Treatment by KRX & FTSE

Daelim Industrial Divestiture: Terms & Trading Situations (1P Diversion)

DL Corp Stays & DL E&C Newly Joins KOSPI 200: Trade DL E&C on Inclusion

KOSPI Short Int & Loan Balance: Trend/Flow & Stocks on Move (Feat. DL Holdings)

KOSPI 200 Rebalancing Preview: Early Early Birds Special

Clepsydra Capital

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

Event-Driven

<p>The DL Holdings (000210) - DL E&amp;C (375500) tender begins today. This is an exchange offer, not a cash offer.</p><p>The tender price is ₩118,085 for DL E&amp;C at an issue price of ₩89,829 for DL Holdings (000210). The swap ratio is 1.31455. You get 1.31455 Holdings shares for each DL E&amp;C share that you tender.</p><p>For the tender, Holdings issues 11M new shares, which will get listed on June 3.</p><table class="table table-striped">
<colgroup>
<col width="300">
<col width="300">
</colgroup>
<tbody>
<tr><td colspan="2" rowspan="1" data-sheets-value='{"1":2,"2":"Overview"}'>Overview</td></tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Type"}'>Type</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"Exchange offer"}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>Exchange offer</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Swap ratio"}'><strong>Swap ratio</strong></td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":1.314553206648187}' data-sheets-numberformat='{"1":2,"2":"#,##0.00000","3":1}' data-sheets-formula="=R[10]C[0]/R[4]C[0]"><strong>1.31455</strong></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Tender originator"}'>Tender originator</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"DL Holdings Co Ltd"}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}' data-sheets-formula='=googlefinance(R[1]C[0], "name")'>DL Holdings Co Ltd</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":" - Ticker"}'>- Ticker</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"000210"}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}' data-sheets-formula='="000210"'>000210</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":" - Issue volume"}'>- Issue volume</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":11042246}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>11,042,246</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":" - Issue price"}'><strong>- Issue price</strong></td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":89829}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'><strong>₩89,829</strong></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Target company"}'>Target company</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"DL E&amp;C Ord Shs"}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}' data-sheets-formula='=googlefinance(R[1]C[0], "name")'>DL E&amp;C Ord Shs</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":" - Ticker"}'>- Ticker</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"375500"}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}' data-sheets-formula='="375500"'>375500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":" - Tender volume"}'>- Tender volume</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":8400000}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>8,400,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":" - % of shares outstanding"}'>- % of shares outstanding</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.4339125825247493}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula="=R[-1]C[0]/R[1]C[0]">43.39%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":" - Shares outstanding"}'>- Shares outstanding</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":19358738}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}' data-sheets-formula='=googlefinance(R[-3]C[0], "shares")'>19,358,738</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":" - Tender price"}'><strong>- Tender price</strong></td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":118085}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'><strong>₩118,085</strong></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":" - Target value"}'>- Target value</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":991914000000}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}' data-sheets-formula="=R[-1]C[0]*R[-4]C[0]">₩991,914,000,000</td>
</tr>
<tr><td colspan="2" rowspan="1" data-sheets-value='{"1":2,"2":"Source: DART"}'>Source: DART</td></tr>
</tbody>
</table><table class="table table-striped">
<colgroup>
<col width="300">
<col width="300">
</colgroup>
<tbody>
<tr><td colspan="2" rowspan="1" data-sheets-value='{"1":2,"2":"Timetable"}'>Timetable</td></tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Announcement"}'>Announcement</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44274}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 3. 19</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Tender offer begins"}'><strong>Tender offer begins</strong></td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44307}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'><strong>2021. 4. 21</strong></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Tender offer ends"}'><strong>Tender offer ends</strong></td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44326}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'><strong>2021. 5. 10</strong></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Payment"}'>Payment</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44328}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 5. 12</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Listing"}'>Listing</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44350}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 6. 3</td>
</tr>
<tr><td colspan="2" rowspan="1" data-sheets-value='{"1":2,"2":"Source: DART"}'>Source: DART</td></tr>
</tbody>
</table><table class="table table-striped">
<colgroup>
<col width="300">
<col width="300">
</colgroup>
<tbody>
<tr><td colspan="2" rowspan="1" data-sheets-value='{"1":2,"2":"Tender price fixation"}'>Tender price fixation</td></tr>
<tr>
<td data-sheets-value='{"1":3,"3":44246}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 2. 19</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":113500}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩113,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44249}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 2. 22</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":111000}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩111,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44250}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 2. 23</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":110500}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩110,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44251}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 2. 24</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":104000}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩104,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44252}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 2. 25</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":116500}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩116,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44253}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 2. 26</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":111000}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩111,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44257}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 3. 2</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":109000}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩109,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44258}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 3. 3</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":111000}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩111,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44259}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 3. 4</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":111500}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩111,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44260}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 3. 5</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":109500}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩109,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44263}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 3. 8</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":107000}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩107,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44264}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 3. 9</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":112500}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩112,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44265}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 3. 10</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":112000}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩112,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44266}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 3. 11</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":115000}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩115,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44267}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 3. 12</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":118500}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩118,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44270}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 3. 15</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":121000}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩121,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44271}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 3. 16</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":121000}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩121,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44272}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 3. 17</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":123000}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩123,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44273}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 3. 18</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":120000}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩120,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Close(A)"}'>Close(A)</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":120000}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩120,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"1W avg (B)"}'>1W avg (B)</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":120700}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩120,700</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"1M avg (C)"}'>1M avg (C)</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":113553}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩113,553</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Arithmatic avg D=(A+B+C)/3"}'>Arithmatic avg D=(A+B+C)/3</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":118084.2}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'>₩118,084</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Tender price E=Min(A,D)"}'><strong>Tender price E=Min(A,D)</strong></td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":118085}' data-sheets-numberformat='{"1":2,"2":"[$₩-412]#,##0","3":1}'><strong>₩118,085</strong></td>
</tr>
<tr><td colspan="2" rowspan="1" data-sheets-value='{"1":2,"2":"Source: DRAT"}'>Source: DRAT</td></tr>
</tbody>
</table><table class="table table-striped">
<colgroup>
<col width="100">
<col width="100">
<col width="100">
<col width="100">
</colgroup>
<tbody>
<tr>
<td style="text-align: left;" data-sheets-value='{"1":2,"2":"Issue price"}'>Issue price fixation</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"Close"}'>Close</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"Trading vol(B)"}'>Trading volume (B)</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"Trading val (A)"}'>Trading value (A)</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44300}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 4. 14</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":89600}' data-sheets-numberformat='[null,2,"[$₩-412]#,##0",1]'>₩89,600</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":484546}' data-sheets-numberformat='[null,2,"#,##0"]'>484,546</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":42999717200}' data-sheets-numberformat='[null,2,"[$₩-412]#,##0",1]'>₩42,999,717,200</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44301}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 4. 15</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":91200}' data-sheets-numberformat='[null,2,"[$₩-412]#,##0",1]'>₩91,200</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":293437}' data-sheets-numberformat='[null,2,"#,##0"]'>293,437</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":26480660600}' data-sheets-numberformat='[null,2,"[$₩-412]#,##0",1]'>₩26,480,660,600</td>
</tr>
<tr>
<td data-sheets-value='{"1":3,"3":44302}' data-sheets-numberformat='{"1":5,"2":"yyyy. m. d","3":1}'>2021. 4. 16</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":92000}' data-sheets-numberformat='[null,2,"[$₩-412]#,##0",1]'>₩92,000</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":221902}' data-sheets-numberformat='[null,2,"#,##0"]'>221,902</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":20338222700}' data-sheets-numberformat='[null,2,"[$₩-412]#,##0",1]'>₩20,338,222,700</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Total trading val (A)"}'>Total trading value (A)</td>
<td colspan="3" rowspan="1" style="text-align: right;" data-sheets-value='{"1":3,"3":89818600500}' data-sheets-numberformat='[null,2,"[$₩-412]#,##0",1]'>₩89,818,600,500</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Total trading vol (B)"}'>Total trading volume (B)</td>
<td colspan="3" rowspan="1" style="text-align: right;" data-sheets-value='{"1":3,"3":999885}' data-sheets-numberformat='[null,2,"#,##0"]'>999,885</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"VWAP (A/B)"}'>VWAP (A/B)</td>
<td colspan="3" rowspan="1" style="text-align: right;" data-sheets-value='{"1":3,"3":89828.93}' data-sheets-numberformat='[null,2,"[$₩-412]#,##0",1]'>₩89,829</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Discount"}'>Discount</td>
<td colspan="3" rowspan="1" style="text-align: right;" data-sheets-value='{"1":3,"3":0}' data-sheets-numberformat='[null,3,"0.00%",1]'>0.00%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Issue price"}'><strong>Issue price</strong></td>
<td colspan="3" rowspan="1" style="text-align: right;" data-sheets-value='{"1":3,"3":89829}' data-sheets-numberformat='[null,2,"[$₩-412]#,##0",1]'><strong>₩89,829</strong></td>
</tr>
<tr><td colspan="4" rowspan="1" data-sheets-value='{"1":2,"2":"Source: DART"}'>Source: DART</td></tr>
</tbody>
</table>

The DL Holdings (000210) - DL E&amp;C (375500) tender begins today. This is an exchange offer, not a cash offer.The tender price is ₩118,085 for DL E&amp;C at an issue price of ₩89,829 for DL Holdings (000210). The swap ratio is 1.31455. You get 1.31455 Holdings shares for each DL E&amp;C share that you tender.For the tender, Holdings issues 11M new shares, which will get listed on June 3.





Overview

Type
Exchange offer


Swap ratio
1.31455


Tender originator
DL Holdings Co Ltd


- Ticker
000210


- Issue volume
11,042,246


- Issue price
₩89,829


Target company
DL E&amp;C Ord Shs


- Ticker
375500


- Tender volume
8,400,000


- % of shares outstanding
43.39%


- Shares outstanding
19,358,738


- Tender price
₩118,085


- Target value
₩991,914,000,000

Source: DART







Timetable

Announcement
2021. 3. 19


Tender offer begins
2021. 4. 21


Tender offer ends
2021. 5. 10


Payment
2021. 5. 12


Listing
2021. 6. 3

Source: DART







Tender price fixation

2021. 2. 19
₩113,500


2021. 2. 22
₩111,000


2021. 2. 23
₩110,500


2021. 2. 24
₩104,000


2021. 2. 25
₩116,500


2021. 2. 26
₩111,000


2021. 3. 2
₩109,000


2021. 3. 3
₩111,000


2021. 3. 4
₩111,500


2021. 3. 5
₩109,500


2021. 3. 8
₩107,000


2021. 3. 9
₩112,500


2021. 3. 10
₩112,000


2021. 3. 11
₩115,000


2021. 3. 12
₩118,500


2021. 3. 15
₩121,000


2021. 3. 16
₩121,000


2021. 3. 17
₩123,000


2021. 3. 18
₩120,000


Close(A)
₩120,000


1W avg (B)
₩120,700


1M avg (C)
₩113,553


Arithmatic avg D=(A+B+C)/3
₩118,084


Tender price E=Min(A,D)
₩118,085

Source: DRAT










Issue price fixation
Close
Trading volume (B)
Trading value (A)


2021. 4. 14
₩89,600
484,546
₩42,999,717,200


2021. 4. 15
₩91,200
293,437
₩26,480,660,600


2021. 4. 16
₩92,000
221,902
₩20,338,222,700


Total trading value (A)
₩89,818,600,500


Total trading volume (B)
999,885


VWAP (A/B)
₩89,829


Discount
0.00%


Issue price
₩89,829

Source: DART



DL Holdings/E&C Tender & Shorting Lurking for What Will Likely Follow