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

Nexon Founder Family Hands Over 4.7 Trillion Won Worth of NXC to Korean Government

Korean Government Launches a Tender Offer to Sell a 29.3% Stake in NXC Corp for US$3.6 Billion

Clepsydra Capital

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

Event-Driven

<ul>
<li>As reported by a local news outlet (YTN), the Korean government will soon list the NXC stake on Onbid, the government's online auction system (www.onbid.co.kr).</li>
<li>If the right buyer acquires the 30% stake in NXC, the family members may also sell their stake, leading to an unexpected price impact for Nexon (3659 JP).</li>
<li>Timing is critical, and the Korean government must aim to list the stake on Onbid as soon as possible, given its current revenue shortfall issue.</li>
</ul>


As reported by a local news outlet (YTN), the Korean government will soon list the NXC stake on Onbid, the government's online auction system (www.onbid.co.kr).
If the right buyer acquires the 30% stake in NXC, the family members may also sell their stake, leading to an unexpected price impact for Nexon (3659 JP).
Timing is critical, and the Korean government must aim to list the stake on Onbid as soon as possible, given its current revenue shortfall issue.


Heads Up: Selling Event of a 30% Stake in NXC (Nexon Parent Company) Is Coming Soon