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

Doosan Heavy, Korea's Latest Meme Stock Without Substance?

Doosan Heavy Offering: Subs Rights Trading at a 3+% Spread, Not Adjusting Oversubscription

Doosan Heavy Industries ₩1.5T Offering Details

Clepsydra Capital

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

Event-Driven

<ul>
<li>Doosan Heavy Industries &amp; Construction is currently conducting a rights offering of 82.9M shares. December 28th is the first-round pricing, and the 30th is the ex-rights date.</li>
<li>There is an event waiting for the stock price to undergo a significant correction just before the ex-right, it is likely to become a new factor in our ex-right play.</li>
<li>18.2M shares subscribed by the ESOP in last year's ₩1.2T capital increase will be released on the 27th. This is 3.5% of SO, which is equivalent to 2.3x ADTV.</li>
</ul>


Doosan Heavy Industries &amp; Construction is currently conducting a rights offering of 82.9M shares. December 28th is the first-round pricing, and the 30th is the ex-rights date.
There is an event waiting for the stock price to undergo a significant correction just before the ex-right, it is likely to become a new factor in our ex-right play.
18.2M shares subscribed by the ESOP in last year's ₩1.2T capital increase will be released on the 27th. This is 3.5% of SO, which is equivalent to 2.3x ADTV.


Doosan Heavy Ex-Rights Play Amid the Lockup Release (3.5% of SO) Next Monday

Doosan Enerbility

Doosan Heavy Ex-Rights Play Amid the Lockup Release (3.5% of SO) Next Monday