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

TIGER Theme ETF "Secondary Cell" Rebalancing Projections: SKIET, Ecopro BM, SKI, SKC, & Ecopro

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Ecopro BM Rights Offering Worth 500 Billion Won

Ecopro BM IPO Preview: The World's #2 Player in the NCA High Nickel-Based Cathode Materials

Clepsydra Capital

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

Event-Driven

<ul>
<li>Ecopro BM announced a ₩0.5T rights offer: 1.6M new ordinary shares at a preliminary offering price of ₩310,300. In addition, there will also be a 1-to-3 bonus share issuance.</li>
<li>In outright Long trading aiming for a 20% discount, one thing to keep in mind is bonus issues. Post-bonus issue price correction will likely be more substantial this time.</li>
<li>
 We should aim at outright shorting as moving into the bonus issue ex-rights date while watching Ecopro's share price upward trend and volatility during this event.</li>
</ul>


Ecopro BM announced a ₩0.5T rights offer: 1.6M new ordinary shares at a preliminary offering price of ₩310,300. In addition, there will also be a 1-to-3 bonus share issuance.
In outright Long trading aiming for a 20% discount, one thing to keep in mind is bonus issues. Post-bonus issue price correction will likely be more substantial this time.

 We should aim at outright shorting as moving into the bonus issue ex-rights date while watching Ecopro's share price upward trend and volatility during this event.


Ecopro BM Offering: Deal Summary & Trading Dynamics