Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following sectors:
- Technology (E-commerce, SaaS, Internet)
- Consumer 
- Special Situations/Deep Value Plays
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Korea M&A Spotlight: A Merger Between GS Retail and GS Home Shopping

Overheating Competition in the Convenience Stores Market in Korea

BGF Retail & GS Retail: Korean CVS Plays Likely to Better Withstand Higher Inflation

Buffett's Investments in Japanese Trading Companies - Positive Boost to Korean Trading Companies?

Douglas Research Advisory

Event-Driven

<ul>
<li>On 3 June, GS Retail (007070 KS) announced that it will spin off Parnas Hotel and Freshmeat subsidiaries to simplify its business structure and enhance shareholder value.</li>
<li>The company plans to create a new entity tentatively called Parnas Holdings which will include Parnas hotel and Freshmeat (a meat processing company). </li>
<li>We have a positive view of GS Retail's decision to conduct this equity spin off which simplifies the business structures and it could raise the valuation multiples of GS Retail. </li>
</ul>


On 3 June, GS Retail (007070 KS) announced that it will spin off Parnas Hotel and Freshmeat subsidiaries to simplify its business structure and enhance shareholder value.
The company plans to create a new entity tentatively called Parnas Holdings which will include Parnas hotel and Freshmeat (a meat processing company). 
We have a positive view of GS Retail's decision to conduct this equity spin off which simplifies the business structures and it could raise the valuation multiples of GS Retail. 


GS Retail: Equity Spin Off of Parnas Hotel and Freshmeat Subsidiaries